Tesla Stock TSLA Tests $365 Resistance as Musk Pushes SpaceX to Build Its Gas Turbine Parts

Tesla's stock price, trading under the ticker TSLA, is currently approaching a significant technical level at $365 per share, a point that has acted as resistance in recent trading sessions. This price action occurs as reports indicate SpaceX, another company led by Elon Musk, is expanding its in-house manufacturing capabilities. Specifically, SpaceX is reportedly aiming to produce its own gas turbine parts.

This move by SpaceX is noteworthy because it signifies an increased vertical integration strategy for the aerospace company, aiming to bring critical components production in-house rather than relying on external suppliers. Such a strategy can potentially lead to cost savings and greater control over production timelines. The parallel focus on both Tesla's stock performance and SpaceX's manufacturing endeavors highlights the broad industrial and financial interests of Elon Musk.