Analyst: Tesla and SpaceX merger remains far off

Odaily Odaily reports that analysts at BNP Paribas have expressed skepticism about the likelihood of a near-term merger between Tesla and SpaceX. They stated: "The substantial cash burn and significant regulatory risks of both companies complicate any potential merger between SpaceX and Tesla." The improvement in Tesla investor sentiment driven by merger speculation may be overly optimistic. They maintain an "Underperform" rating and a $280 price target. "We are concerned that Tesla will face daunting KPIs over the next two years in its robotaxi and Optimus businesses, which will pose downside risks to the core business before any SpaceX merger is actually realized."