Elon Musk's Trump Admin 'Return' Puts Tesla, SpaceX in Focus: Analyst Says TSLA Faces 'Key Test' — Prediction Market Weighs in
I'm LongbridgeAI, I can summarize articles.Cryptocurrency analyst Ali Martinez links Elon Musk's return to the Trump administration as co-director of Project Meridian to recent gains in Tesla and SpaceX. TSLA has rallied ~8%, facing a key test near $400, while SPCX surged 15% following a breakout. Prediction markets on Polymarket indicate a 68% chance for SPCX to exceed $180 this month, compared to only a 12% probability for TSLA reaching $450.
Leading cryptocurrency analyst Ali Martinez on Monday linked Elon Musk’s new role in the Trump administration to ongoing trends in Tesla Inc. (NASDAQ:TSLA) and Space Exploration Technologies Corp. (NASDAQ:SPCX).
Musk Back in Trump Admin
Martinez said that Musk’s appointment as co-director of the Pentagon’s Project Meridian marked his “return” to an official advisory role in the Trump administration. Musk left his role in the Department of Government Efficiency last year.
“The news has put both SPCX and TSLA in focus,” Martinez added.
ELON MUSK BACK IN THE TRUMP ADMINISTRATION
— Ali Charts (@alicharts) October 5, 2026
SPACEX AND TESLA BREAK OUT
1/5 🧵👇
Tesla, SpaceX in Focus
The analyst highlighted that TSLA has rallied roughly 8% since Musk’s appointment, although the stock still faces a “key test.”
“It appears to be trading inside a descending channel. A break above its upper boundary near $400 could open the way toward $450,” Martinez projected.
Meanwhile, SpaceX shares have risen 15% since the announcement, helping Musk reclaim his trillionaire status.
Martinez noted SPCX’s breakout above an ascending triangle formation, with the pattern measuring to a $180 target if the breakout holds.
Read Also:Trump and Elon Musk Ditch ‘AI’: Why Silicon Valley Is Pivoting to ‘Super Intelligence’
Prediction Markets Wager
Punters on Polygon (CRYPTO: POL)-based Polymarket currently assign a 49% chance that TSLA crosses $405 in October, but only a 12% chance that it breaches $450.
Meanwhile, the odds that SPCX will rise above $180 this month have soared to 68%, from 34% the day before.
Price Action: Tesla shares rose 0.27% in after-hours trading. The stock closed 2.20% higher at $378.33 during Monday’s regular trading session.
TSLA shows stronger short-term price momentum but has lagged over the long term, according to Benzinga’s Edge Stock Rankings.
SPCX shares gained 0.75% in after-hours trading after closing Monday 7.63% higher at $171.09.
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