SpaceX's Crew Dragon safety test succeeds as company prepares to launch NASA astronauts this year. How are investors divided on Tesla's market prospects?
Blast-Off: SpaceX just hit a major milestone...by intentionally blowing up one of its rockets.
A Falcon 9 rocket with an uncrewed Crew Dragon capsule was launched from Kennedy Space Centrein Florida at 7:30 a.m. PT. The Crew Dragon capsule separated from the Falcon 9 about 80 seconds after takeoff (watch video here), got clear of the rocket, reoriented itself by firing thrusters, and then took a parachute ride down to the Atlantic Ocean. Meanwhile, the the rocket didn't survive the test intact - as planned.
The test was to demonstrate that the Crew Dragon capsule would be able to eject from the rocket and land back safely and intact in the event of any accidents during launching. A successful demonstration of the capsule's abilities puts SpaceX on track to launch NASA astronauts sometime this year. CNET
This is War: Tesla's market prospects have investors in two broad camps, both betting against the other with quasi-religious fervour.
The bulls, drawn to Tesla's prospects, compare it to tech leaders like Apple. In their view, Chief Executive Elon Musk is a visionary, leading a revolution in car design that is sure to leave traditional auto makers in the dust and maybe change electric products more broadly. This side is banked on Tesla for the long run.
On the other hand, the doubters shake their heads over the company's $10bn debt load, lower scale of manufacturing, lack of profit-making and Elon Musk's "behaviour". This side argues Tesla's valuation makes little sense and are banking on the bubble to burst sooner or later.
As Tesla surges towards a market cap of $100bn, here's a deep-dive into these warring camps' arguments and what it says about a company that "inspires investors to ink themselves with their insignia".
For similar banter on all things Finance, subscribe to "Transfin. Podcasts" on your favourite Podcast App.