Tesla is getting pummeled in the stock market, but Elon Musk's other companies are having a field day in the secondary market—especially xAI

(Credit: Andrew Harnik—Getty Images)

• Elon Musk’s private companies are a hot commodity on private markets, with the value of SpaceX, Neuralink, the Boring Company, and xAI shooting up by 45% since last year’s presidential election, according to data by secondary market trading platform Caplight. Yet, as investors in private markets chase shares of Musk’s private companies, Tesla shares have lost around half their value.

While Tesla’s share price has taken a beating recently, a fall from grace one JPMorgan analyst says may have no equal, the value of Elon Musk’s private companies has soared in the four months since Donald Trump won the election.