TSLA Trades in SpaceX's Orbit: The 'All Things Elon' Trade Takes Center Stage

Tesla stock advanced alongside SpaceX as the “Elon premium” narrative gains traction among retail investors.
A year-long cup-and-handle pattern on TSLA suggests a potential upside to $765 per share, according to Investing.com.
Reddit discussions on r/wallstreetbets and r/stocks show bullish sentiment with a focus on SpaceX’s forced index buying and Tesla’s technical setup.

Tesla (

$TSLA) returned to the spotlight on Monday as retail investors rode the wave of enthusiasm from SpaceX’s record-breaking IPO. The “all things Elon” trade — a strategy that groups Musk-linked stocks together — drove discussion across Reddit and fueled a technical breakout narrative.

SpaceX Spillover Boosts Tesla Sentiment

SpaceX (

$SPCX) went public last week in the largest IPO in history, and its first trading days saw more volume than Apple, Microsoft, and Tesla combined. On r/wallstreetbets, users dissected the mechanics of forced index buying, predicting a front-loaded rally. Meanwhile, on r/stocks, threads compared SpaceX’s market cap to Amazon’s, questioning whether the valuation justified the hype. But for Tesla bulls, the connection was clear: if SpaceX succeeds, so does the broader Musk ecosystem.

A Benzinga exclusive reported that Direxion launched a leveraged 2X bull ETF for SpaceX (LOFF), mirroring its successful Tesla ETF strategy. “Tesla traders have a new obsession: SpaceX and the 'All Things Elon' trade,” the article noted, pointing to unprecedented retail interest in Musk-linked investments.

TSLA

$TSLA

Cup-and-Handle Pattern Points Higher

Technical analysts flagged a year-long cup-and-handle formation on Tesla’s chart, with a projected target of $765. The pattern, noted by Investing.com, reinforced bullish sentiment among retail traders. Key resistance lies at $412, $445, and $488.5, with support in the $365–$380 zone. The pattern was cited in several r/wallstreetbets posts as a reason to hold TSLA through the SpaceX volatility.

Sentiment: 58% bullish, 29% bearish, 13% neutral.

Top Mentioned Tickers

Live market context for tickers referenced in this article.

#	Symbol	Rank	Comments	Users	Price	Vol	24h	Mrkt Cap.
1	TSLA	-	-	-	-	-	-	-
2	SPCX	-	-	-	-	-	-	-
3	AMZN	-	-	-	-	-	-	-
4	META	-	-	-	-	-	-	-
5	NVDA	-	-	-	-	-	-	-

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Retail Sentiment Stays Bullish

Reddit sentiment for TSLA remains positive, with an average sentiment score of 0.43 across six posts and 394 comments. The most engaged post on r/wallstreetbets — “Good enough to screenshot, good enough to sell right?” — captured the retail trader’s dilemma: selling at a loss only to expect a rebound. Another popular thread debated whether Elon Musk’s $1 trillion revenue promise for SpaceX was realistic, with critics questioning margins and SEC oversight.

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