If you want stability, you can buy now; if you want explosive growth, wait for SpaceX, but you have to withstand high volatility and high valuation. A more prudent approach is to take a small position in Tesla now + keep cash to observe for 1–2 months after SpaceX's IPO before building a position.

1) Reasons to buy Tesla now

• ✅ Can buy immediately, good liquidity, no need to wait; stock price has corrected about 20% this year, offering good value

• ✅ Higher certainty: EV fundamentals are solid, FSD and AI are long-term themes

• ✅ Dividend/repurchase expectations: May reward shareholders after maturity

2) Reasons to keep cash and wait for SpaceX

• ✅ Greater growth potential: Commercial space + Starlink near-monopoly, stronger imagination space than EVs

• ✅ "Musk premium" transfer: Capital flow from Tesla to SpaceX is a major trend

• ✅ Scarce sector: Almost no comparable public market counterpart, high scarcity