June 11, 2026 · 8:49 AM
Clay Valley Daily — Jun 10: Sell Everything, Buy SpaceX, Tesla's 59 Robo-Taxis
The AI selloff hits Day 2 — Nasdaq drops another 2% while retail investors dump chips to fund SpaceX's 4× oversubscribed IPO. Meanwhile, Tesla's robotaxi fleet is still stuck at 59 cars — versus Musk's 500+ promise and Waymo's 600. All in clay.
Today: the AI stock selloff enters Day 2 — Nasdaq down another 2%, $1T+ wiped since the June 2 peak — while SpaceX IPO order books close at 4× oversubscribed. BNP Paribas confirms retail investors sold chips to fund the SpaceX IPO. Then: Tesla's robotaxi fleet hits 59 cars after a full year — versus Musk's 500+ promise and Waymo's 600. Cathie Wood's Tesla robotaxi gets a parking ticket in Austin. All in clay.
Sources:
- Another sell-off for AI stocks knocks Wall Street back 5 weeks — Los Angeles Times
- AI Chip Selloff Erased $1 Trillion — Oracle Next Recovery Test — TechTimes
- Wall Street Bank Warns SpaceX IPO Could Trigger Semiconductor Sell-Off — Yahoo Finance
- SpaceX IPO could be coming for Magnificent Seven and chip stocks — CNBC
- Investors piling into SpaceX IPO as order books close ahead of Nasdaq debut — Quartz
- SpaceX IPO demand tops $250 billion — Forbes
- SpaceX IPO order books close 4× oversubscribed — TechTimes
- Tesla robotaxis stall as Musk's self-driving hype hits real-world traffic — Los Angeles Times
- Tesla now permitted to have 69 unsupervised Robotaxis in Texas — Sherwood News
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