Tesla stock wobbled early Tuesday, as it tried to extend itsreboundfrom a recent selloff.

Shares rose 0.43% in early trading, while the S&P 500 and Dow Jones Industrial Average rose 0.9% and 1.1%, respectively.

Shares gained 3.5% on Monday, their third consecutive gain, cutting into recent losses. Before shares turned positive, they dropped for six consecutive days. Weaker-than-expected second-quarter earnings were the catalyst. Monday’s move still left Tesla shares down about $52, or 14%, below the pre-earnings level.

The next thing that will move Tesla stock, beyond analyst reports or price target changes, will be SpaceX’s earnings. Elon Musk’s rocket and AI company reports results on Tuesday evening. SpaceX shares have been weak coming into the report, down almost 50% from an all-time high of $225.64.

A strong report could give SpaceX shares a boost. It probably wouldn’t be a bad thing for Tesla stock either. SpaceX and Tesla are linked, of course, by Musk, but they are also collaborating on AI applications and a semiconductor manufacturing plant. Any update on chips or the AI digital assistant SpaceX is creating, which would use computing power from idle Tesla vehicles, could move the EV maker’s shares.

After SpaceX, investors will be looking for Tesla to show progress on its own AI efforts, including robot production and expansion of Tesla’s robo-taxi service.

Tesla launched an AI-trained robo-taxi service in Austin, Texas, in June 2025. The rollout to other cities, with more cars, has been slower than expected. Investors would like to see that business scale soon and contribute earnings and cash flow to the car maker.