Tesla's rebound in auto deliveries and advancements in FSD and Optimus robotics position it as a stronger buy than SpaceX, which currently relies on volatile compute arbitrage revenue.
The article concludes Tesla is the better buy, citing recovering auto revenue, cheaper robotaxi economics with FSD, and the potential Optimus robotics business.
The article notes SpaceX's rapid growth in Starlink and AI compute sales but questions the sustainability of its compute arbitrage revenue.
Tesla emerges as the superior investment choice over SpaceX due to recovering automotive revenue and long-term potential in autonomous driving and robotics. While SpaceX shows rapid growth through Starlink and compute arbitrage, its reliance on temporary revenue streams makes Tesla's integrated ecosystem a more stable and compelling long-term bet.
Tesla offers a more diversified path to growth through its recovering EV business, autonomous robotaxi economics, and humanoid robotics, whereas SpaceX's current growth is heavily reliant on temporary compute arbitrage.