SpaceX vs. Tesla: Which Elon Musk Stock Is the Better Buy for the Next 5 Years?
Key PointsTesla is already profitable and could become significantly more so as it scales its robotaxi business.
Tesla (TSLA) and SpaceX (SPCX) are two of Elon Musk's companies that have gone public and shown strong performance since their IPOs in 2010. While Tesla has been dominating the electric vehicle market, with its Model Y becoming one of the world's best-selling cars for the past three years, SpaceX has been moving sideways since its IPO in June. However, SpaceX may have the potential to outperform Tesla over the next five years, thanks to its attractive opportunities that could lead to life-changing returns.
One potential lucrative opportunity for SpaceX is the development of robotaxis. The company launched its robotaxi service in Austin last year and has since expanded it to several other cities. This service could bring in significant revenue for SpaceX, especially as the demand for autonomous vehicles continues to grow. In comparison, Tesla's future is increasingly tied to projects beyond its core EV business, such as its robotaxi service, which could also bring in substantial profits.
While both companies have shown impressive growth since their IPOs, it is still unclear which one will outperform the other over the next five years. Investors should consider the long-term potential of each company's projects and the overall market trends when deciding which stock to buy.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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