A long-term Elon Musk backer is cashing out of Tesla — and cutting its SpaceX exposure
Scottish Mortgage Investment Trust has cut its SpaceX holding to 11.1% of assets and sold its remaining Tesla stake.
What it means
Where the stock stands
$TSLA last changed hands at $356.36, +3.69% on the session, 29% below its 52-week high of $498.83 and 20% above its low of $297.38 — in the lower part of the range. Over the year it has ranged 68% from low to high: a wide band, so a several-percent week is just a week. $SPCX last traded at $130.97, +5.95% on the session. That puts it 42% shy of its 52-week high of $225.64 and 25% clear of its low of $104.83 — in the lower part of the range. Over the year it has ranged 115% from low to high: a very wide band — this one has spent the year on a roller coaster, and big swings are business as usual. These are latest-session quotes, not live prices.
How much coverage it is getting
Wook has logged 289 stories on these names in the last 30 days, 40 of them this week. At its 30-day pace you would expect about 67 a week, so this week is quieter than usual — the spotlight has wandered elsewhere for now. Across those stories the wording ran 19% bullish, 68% neutral and 13% bearish. This one reads bearish, so it sits in a small minority — the contrarian in the room. 43 came from CNBC and the rest from other outlets — broad coverage, not one desk talking to itself. 12 related stories — same name or same desk — are lined up beside this one if you want the whole thread.
The bigger picture
Consumer and retail stories turn on spending power — wages, credit and confidence — and on margins, since discounting to keep shoppers coming can lift sales while quietly shrinking profit. On Wook's supply-chain scanner, Consumer Discretionary reads elevated today.
Coming up
$TSLA earnings in 82 days. These were on the calendar before this story and are not caused by it.
What to watch next
The $TSLA page has the full chart, the filings and the valuation model behind every figure here. Want the facts without the spin? Read how two or three outlets frame the same story — where they agree is the news, where they differ is the angle. And Wook AI, up top, will happily do the math — how far $TSLA sits from its high, or how this week's coverage stacks up.
How this analysis was made
CNBC published it, and Wook filed it under Consumer & Retail. It reads bearish at medium severity because of “cut” in the wording, with nothing on the bullish side to offset it. It was matched to $TSLA and $SPCX; a company mentioned in passing is tagged the same as the subject, so check which one the story is really about. It carried 11.1%, shown as published and not recalculated. The preview above is the publisher's own wording.
The tone and severity labels come from a fixed word list — no editor, no AI, no crystal ball — so they describe how a story is worded, not what happens next. They are not a forecast or a recommendation, and a same-day move does not mean this story caused it. Not investment advice.
Discussion
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What happened after this published
CNBC published this on November 6, 2026. $TSLA has moved +1.41% ($351.40 to $356.36) and $SPCX has moved +0.32% ($130.55 to $130.97). Measured from the first print available after publication, against the latest available quote. This comparison does not isolate the story's effect.