BiyaPay analyst: SpaceX makes large purchases of Tesla Cybertrucks, Musk’s operations boost the valuation of both companies

BlockBeats News, December 19, due to weak Cybertruck sales and rising inventory pressure, Tesla is delivering a large number of Cybertrucks to SpaceX (and xAI), both under Musk. SpaceX has already received hundreds of vehicles, and this number may continue to increase; in 2024, about 39,000 Cybertrucks were sold, but subsequent demand is slowing down.

BiyaPay analysts believe that "internal coordination" may help smooth deliveries and sentiment in the short term, but it will also raise concerns about related-party transactions, actual end-user demand, and the sustainability of valuations. The stock price still needs to be validated by profitability and core business performance. BiyaPay supports USDT trading for US stocks, Hong Kong stocks, futures, and other assets.