1143 ET - BNP Paribas analysts are skeptical that a merger between Tesla and SpaceX is on the table anytime soon. "We believe a potential SpaceX-Tesla merger is complicated by significant cash burn at both companies and meaningful regulatory risks," the analysts say in a research note. Improving investor sentiment around Tesla stemming from the merger speculation might be overly optimistic, they say, maintaining their underperform rating and $280 price target. "We fear [Tesla] will face daunting KPIs at its Robotaxi and Optimus businesses over the next two years, bringing downside risk to core operations before any SpaceX merger could realistically materialize," the analysts write. (connor.hart@wsj.com)
(END) Dow Jones Newswires
July 08, 2026 11:43 ET (15:43 GMT)
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