Tesla Vs. SpaceX: Here’s Which Will Outperform the Other by the End of July

Tesla (NASDAQ: TSLA) and SpaceX (NASDAQ: SPCX) beryllium connected other ends of Elon Musk's empire this July. Tesla is walking into a July 22 Q2 net study with conveyance margins nether a microscope. SpaceX is caller disconnected its historical June IPO, riding organization rotation into launch, Starlink, and its recently folded-in xAI compute segment.

Tesla Ground Out a Beat. SpaceX Rode Its Debut.

Tesla's Q1 came successful up of estimates. Revenue of $22.387 cardinal grew 15.78% twelvemonth implicit year, and non-GAAP EPS of $0.41 topped the $0.3481 consensus. Automotive gross borderline expanded to 21.1% from 16.2%, aided by little worldly costs, higher ASPs, and warranty and tariff benefits. That is simply a meaningful reversal aft a brushed FY2025 wherever nett income fell.

Services and Other jumped 42% to $3.745 billion, with FSD subscriptions reaching 1.28 million, up 51%. Energy Generation and Storage, however, slipped 12% to $2.408 billion. Inventory days roseate to 27 from 22, a subtle informing connected demand.

SpaceX has nary net filing to thin on, but its S-1 showed $18 cardinal successful trailing gross increasing 33%. Two disclosed hyperscaler contracts already archer a bigger story: Anthropic paying $1.25 cardinal per period for Colossus capacity, and a $920 cardinal per period Google woody for 110,000 GPUs done mid-2029. That pencils out, per the aforesaid source, to a projected $62 cardinal successful 2026 revenue.

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Physical AI vs. Orbital AI

Tesla is pouring superior into Cybercab, Semi, Megapack 3, and Optimus lines targeting 10 cardinal robots per twelvemonth astatine Gigafactory Texas. Musk adjacent wrote a $2 cardinal cheque into SpaceX equity and is co-building a spot fab with it. SpaceX, meanwhile, is softly turning into a hyperscaler with rocket exhaust attached.