The Mag 7 Are No More: The Disappointment of Big Tech Unveiled.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 05 2026
0mins
Source: Barron's
- Finality of a Situation: The phrase "stick a fork in it" suggests that something is finished or no longer viable.
- Closure and Departure: Expressions like "turn out the lights" and "hasta la vista" indicate a sense of closure and farewell.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy TSLA?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to rise
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 399.150
Low
25.28
Averages
401.93
High
600.00
Current: 399.150
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Musk's SpaceX Stake Surpasses Tesla's Value by Double
- Musk's Wealth Milestone: With the successful IPO of SpaceX, Musk's stake in the company is now valued at over $760 billion, pushing his net worth past $1 trillion and making him the world's first trillionaire, despite a significant drop in Tesla's profits.
- SpaceX IPO Performance: Priced at $135 per share, SpaceX opened around $150 and ended its first trading day with a valuation exceeding $2 trillion, raising approximately $75 billion, indicating strong market confidence in its future growth potential.
- Tesla and SpaceX Relationship: Tesla holds a small stake in SpaceX, which is also a customer for Tesla's Megapack batteries and Cybertrucks, highlighting the increasingly intertwined business operations and strategic positioning of Musk across both companies.
- Shift in Investor Focus: With SpaceX's public debut, investors can now directly bet on Musk's ambitions in space and AI without the risks associated with Tesla's slowing growth, potentially impacting Tesla's stock performance and market expectations.
See More
SpaceX's IPO Day Valuation Hits $2.1 Trillion
- First Day Trading Performance: SpaceX's stock surged over 19% on its IPO day, opening at $150 and closing above $160, achieving a market valuation of $2.1 trillion, which places it among the world's leading tech giants and reflects strong market confidence in its growth prospects.
- Record IPO Financing: The IPO raised $75 billion, setting a record for the largest IPO ever, indicating investor optimism regarding SpaceX's long-term potential in rocket launches, satellite connectivity, and artificial intelligence, thereby solidifying its market position.
- Strong Revenue Growth: SpaceX's Starlink service generated $4.4 billion in operational income last year, marking a 120% year-over-year increase, demonstrating robust performance in the satellite connectivity market and promising continued revenue growth for the company.
- High-Risk Investment Outlook: Despite SpaceX's significant growth potential, its capital expenditures in AI reached $12 billion, and the company reported an annual loss of $4.9 billion, highlighting the investment risks and technological uncertainties it faces, necessitating careful evaluation of future investment opportunities.
See More
Micron Technology Achieves $1 Trillion Market Value
- Rapid Market Value Milestone: Micron Technology achieved a remarkable milestone by soaring from $500 billion to $1 trillion in just 48 days, the fastest record among U.S. companies, previously held by Tesla at 230 days, highlighting the company's strong growth momentum driven by a memory chip shortage.
- Financial Performance Exceeds Expectations: In Q2 of fiscal 2026, Micron reported a 196% year-over-year revenue increase to $23.8 billion, with non-GAAP net income surging 682% to $12.20 per diluted share, although this growth was primarily fueled by price hikes rather than a sustainable competitive moat.
- Uncertain Market Outlook: Despite the potential for strong earnings driven by AI infrastructure demand over the next two years, analysts predict a 70% drop in earnings by 2029 due to excess supply, making the current valuation of 45 times earnings appear relatively expensive.
- Intensifying Industry Competition: Major memory chip manufacturers like Samsung and SK Hynix are building new fabs to boost production capacity, with these facilities expected to impact supply as early as next year, potentially leading to a price collapse within three years and increasing cyclical risks in the market.
See More
SpaceX Sets Record with $75 Billion IPO
- Outstanding IPO Performance: SpaceX raised $75 billion in its IPO, marking the largest in history, with a first-day stock price increase of over 19%, reaching a market value of $2.1 trillion, quickly placing it among the world's tech giants and reflecting strong market confidence in its growth prospects.
- Growth Potential: SpaceX's Starlink service generated $4.4 billion in operational income last year, a 120% year-over-year increase, indicating robust growth potential in the satellite connectivity sector, which will further drive overall revenue growth for the company.
- Investment and Risk: Despite capital expenditures in AI reaching $12 billion and an overall loss of $4.9 billion last year, Musk's ambitious vision and ongoing investments may yield significant returns in the future, although risks remain high.
- Market Performance Forecast: Historical data shows that 8 out of the 10 largest IPOs experienced stock price declines in the three months following their debut, with an average drop of about 13%, suggesting that SpaceX's stock may face adjustments in the coming months, prompting investors to approach short-term volatility with caution.
See More
Tesla's FSD Safety Data Faces Scrutiny in Europe
- Safety Data Controversy: Tesla's self-reported safety statistics for its FSD system have been criticized by independent traffic safety researchers as misleading marketing, particularly the claim by CEO Elon Musk that FSD is 10 times safer than human driving, which lacks valid data support and could impact Tesla's market share in Europe.
- Regulatory Approval Progress: The Dutch RDW approved FSD in April 2024 after a year of testing, but the agency stated it does not rely on Tesla's marketing claims and conducts independent tests and verifications, indicating a cautious approach that may affect the broader EU approval of FSD.
- Exaggerated Safety Claims: Tesla's assertion that FSD could save 32,000 lives and prevent 1.9 million injuries is based on unrealistic assumptions, which could lead regulators to question the safety of the technology, potentially damaging Tesla's brand reputation.
- Market Competition Pressure: Securing FSD approval in Europe is crucial for Tesla, especially amid competition from Chinese EV manufacturers; failure to obtain approval could place Tesla at a disadvantage in the market and hinder future sales growth.
See More
Trump Celebrates Peace Deal with Iran Amid Market Rally
- Peace Agreement Reached: The U.S. and Iran have finalized a peace deal aimed at an immediate and permanent end to hostilities, with Trump announcing its completion on social media, marking a significant shift in regional dynamics that could stabilize the global economy.
- Positive Market Reaction: The news of the agreement has triggered a global stock market rally, with U.S. stock futures surging and the Nikkei leading gains in the Asia-Pacific region, reflecting investor optimism about future economic prospects.
- International Support: Leaders from the U.K., France, Germany, and Italy issued a joint statement welcoming the agreement, viewing it as an opportunity to restore regional stability and global economic health, and expressing readiness to lift sanctions contingent on Iran's verifiable actions.
- Trade War Concerns: Despite the positive impact of the peace deal, Trump warned of a potential new trade war with France, demanding the repeal of a digital tax on U.S. tech companies or facing 100% tariffs on French wines, highlighting the complexities of international trade relations.
See More
Musk's SpaceX Stake Surpasses Tesla's Value by Double
- Musk's Wealth Milestone: With the successful IPO of SpaceX, Musk's stake in the company is now valued at over $760 billion, pushing his net worth past $1 trillion and making him the world's first trillionaire, despite a significant drop in Tesla's profits.
- SpaceX IPO Performance: Priced at $135 per share, SpaceX opened around $150 and ended its first trading day with a valuation exceeding $2 trillion, raising approximately $75 billion, indicating strong market confidence in its future growth potential.
- Tesla and SpaceX Relationship: Tesla holds a small stake in SpaceX, which is also a customer for Tesla's Megapack batteries and Cybertrucks, highlighting the increasingly intertwined business operations and strategic positioning of Musk across both companies.
- Shift in Investor Focus: With SpaceX's public debut, investors can now directly bet on Musk's ambitions in space and AI without the risks associated with Tesla's slowing growth, potentially impacting Tesla's stock performance and market expectations.
See More
SpaceX's IPO Day Valuation Hits $2.1 Trillion
- First Day Trading Performance: SpaceX's stock surged over 19% on its IPO day, opening at $150 and closing above $160, achieving a market valuation of $2.1 trillion, which places it among the world's leading tech giants and reflects strong market confidence in its growth prospects.
- Record IPO Financing: The IPO raised $75 billion, setting a record for the largest IPO ever, indicating investor optimism regarding SpaceX's long-term potential in rocket launches, satellite connectivity, and artificial intelligence, thereby solidifying its market position.
- Strong Revenue Growth: SpaceX's Starlink service generated $4.4 billion in operational income last year, marking a 120% year-over-year increase, demonstrating robust performance in the satellite connectivity market and promising continued revenue growth for the company.
- High-Risk Investment Outlook: Despite SpaceX's significant growth potential, its capital expenditures in AI reached $12 billion, and the company reported an annual loss of $4.9 billion, highlighting the investment risks and technological uncertainties it faces, necessitating careful evaluation of future investment opportunities.
See More
Micron Technology Achieves $1 Trillion Market Value
- Rapid Market Value Milestone: Micron Technology achieved a remarkable milestone by soaring from $500 billion to $1 trillion in just 48 days, the fastest record among U.S. companies, previously held by Tesla at 230 days, highlighting the company's strong growth momentum driven by a memory chip shortage.
- Financial Performance Exceeds Expectations: In Q2 of fiscal 2026, Micron reported a 196% year-over-year revenue increase to $23.8 billion, with non-GAAP net income surging 682% to $12.20 per diluted share, although this growth was primarily fueled by price hikes rather than a sustainable competitive moat.
- Uncertain Market Outlook: Despite the potential for strong earnings driven by AI infrastructure demand over the next two years, analysts predict a 70% drop in earnings by 2029 due to excess supply, making the current valuation of 45 times earnings appear relatively expensive.
- Intensifying Industry Competition: Major memory chip manufacturers like Samsung and SK Hynix are building new fabs to boost production capacity, with these facilities expected to impact supply as early as next year, potentially leading to a price collapse within three years and increasing cyclical risks in the market.
See More
SpaceX Sets Record with $75 Billion IPO
- Outstanding IPO Performance: SpaceX raised $75 billion in its IPO, marking the largest in history, with a first-day stock price increase of over 19%, reaching a market value of $2.1 trillion, quickly placing it among the world's tech giants and reflecting strong market confidence in its growth prospects.
- Growth Potential: SpaceX's Starlink service generated $4.4 billion in operational income last year, a 120% year-over-year increase, indicating robust growth potential in the satellite connectivity sector, which will further drive overall revenue growth for the company.
- Investment and Risk: Despite capital expenditures in AI reaching $12 billion and an overall loss of $4.9 billion last year, Musk's ambitious vision and ongoing investments may yield significant returns in the future, although risks remain high.
- Market Performance Forecast: Historical data shows that 8 out of the 10 largest IPOs experienced stock price declines in the three months following their debut, with an average drop of about 13%, suggesting that SpaceX's stock may face adjustments in the coming months, prompting investors to approach short-term volatility with caution.
See More
Tesla's FSD Safety Data Faces Scrutiny in Europe
- Safety Data Controversy: Tesla's self-reported safety statistics for its FSD system have been criticized by independent traffic safety researchers as misleading marketing, particularly the claim by CEO Elon Musk that FSD is 10 times safer than human driving, which lacks valid data support and could impact Tesla's market share in Europe.
- Regulatory Approval Progress: The Dutch RDW approved FSD in April 2024 after a year of testing, but the agency stated it does not rely on Tesla's marketing claims and conducts independent tests and verifications, indicating a cautious approach that may affect the broader EU approval of FSD.
- Exaggerated Safety Claims: Tesla's assertion that FSD could save 32,000 lives and prevent 1.9 million injuries is based on unrealistic assumptions, which could lead regulators to question the safety of the technology, potentially damaging Tesla's brand reputation.
- Market Competition Pressure: Securing FSD approval in Europe is crucial for Tesla, especially amid competition from Chinese EV manufacturers; failure to obtain approval could place Tesla at a disadvantage in the market and hinder future sales growth.
See More
Trump Celebrates Peace Deal with Iran Amid Market Rally
- Peace Agreement Reached: The U.S. and Iran have finalized a peace deal aimed at an immediate and permanent end to hostilities, with Trump announcing its completion on social media, marking a significant shift in regional dynamics that could stabilize the global economy.
- Positive Market Reaction: The news of the agreement has triggered a global stock market rally, with U.S. stock futures surging and the Nikkei leading gains in the Asia-Pacific region, reflecting investor optimism about future economic prospects.
- International Support: Leaders from the U.K., France, Germany, and Italy issued a joint statement welcoming the agreement, viewing it as an opportunity to restore regional stability and global economic health, and expressing readiness to lift sanctions contingent on Iran's verifiable actions.
- Trade War Concerns: Despite the positive impact of the peace deal, Trump warned of a potential new trade war with France, demanding the repeal of a digital tax on U.S. tech companies or facing 100% tariffs on French wines, highlighting the complexities of international trade relations.
See More
