Analyst: Tesla and SpaceX Merger Considered Likely

Odaily, July 1. Baird analyst Ben Kallo predicts that Tesla (TSLA.O) is expected to deliver 392,900 vehicles in the second quarter. He added that the electric vehicle company's total deliveries in 2026 will reach 1.68 million vehicles.

The analyst wrote: "We believe a merger between SpaceX (SPCX.O) and Tesla is very likely, and we estimate it will take 12 to 18 months." He further added that the merger of the two companies is the "ultimate direction" and is "clear and compelling, with both companies benefiting from greater scale." Kallo reiterated his "Outperform" rating on Tesla and a price target of $522. (Jin10)