TSLA

The technical Wall Street term for investors short-selling space stocks right now is “getting your face ripped off.” Shares of commercial space companies are on fire lately. Coming into Wednesday trading, shares of Rocket Lab and AST SpaceMobile to name two, were up 74% and 55%, respectively, over the past month, leaving them both up more than 380% over the past 12 months.

Tesla (TSLA) stock rises as a 67% European EV sales explosion collides with rumors of an historic merger with a $1.25T SpaceX. See why RBC Capital targets a bullish $475 target in 2026.

Helping were sales data from Europe that showed Tesla sold 10,654 cars in April, up 46.5% year over year. It’s been a strong year for European EV sales, amid higher oil prices. In 2025, Tesla sold 238,656 vehicles in Europe, down 26.9% year over year.

Rivian stock formed a Death Cross as investors weigh the upcoming R2 launch, Rivian's challenge to Tesla's Model Y, and continued concerns around EV demand and cash burn.

American Airlines will include SpaceX's Starlink internet service on its flights; Could frequent flyer miles become "Starship miles"?

Rico Lumen, senior sector economist at ING, discusses the auto sector, EV demand and new car registrations.

Here are five key things investors need to know to start the trading day.

Musk fueled excitement by calling for a “major base on the Moon” and calling lunar and Martian colonies SpaceX’s “prime directive.”