Tesla and SpaceX stocks still have room to fall, which is bad for current holders but sets up better buying prices for patient investors.

• The call: wait to buy Tesla until it drops under $225, and SpaceX under $80 a share.
• Both stocks are seen as still overpriced, meaning more downside before they hit "safe" buying levels.
• The SpaceX IPO already sank after an early pop, a drop that was expected — buying it at IPO was a mistake.
• A recession would push both stocks well below these targets, as it would delay the growth timelines investors are paying for.

Outlook: More downside is likely for both names, with the suggested buy zones only reached if the selling continues or a recession hits.