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Jim Cramer suggests SpaceX should acquire Tesla, citing Tesla's 19.97% year-to-date decline and high P/E ratio
Cramer made the suggestion on Monday night, noting Tesla's stock was trading near $360, down 19.97% year-to-date, with a P/E ratio around 374. He stated, "SpaceX has to buy it. Period. End of story." Tesla's Q2 free cash flow swung to -$1.09 billion as capital expenditure surged 142% year-over-year, funding AI and Robotaxi spending. Elon Musk previously acknowledged growing overlap between Tesla and SpaceX during the Q2 earnings call but declined to discuss a combination, while Tesla holds $2 billion in SpaceX preferred stock.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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