Tesla Inc is trading 1.8% down at $403.95 today, following remarks from investor Ross Gerber suggesting that without a merger with SpaceX, Tesla's valuation might lose support and could ultimately become "worthless". - Gerber's comments on June 16, 2026, have sparked concerns among investors regarding Tesla's future valuation and the anticipated SpaceX merger. - This company-specific development appears to be a key driver for the stock's decline, rather than solely a technical correction or profit-taking.