Analyst: Tesla and SpaceX Merger Possible
2026-06-23 16:55
Odaily Planet Daily News 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 highly likely and expect it to take 12 to 18 months." He also 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 for Tesla and a price target of $522. (Jin Shi)
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