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Baird: It is expected that Tesla and SpaceX may merge
BlockBeats News, June 24 — Baird analyst Ben Kallo predicts that Tesla (TSLA.O) will 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 to happen, and it is expected to take 12 to 18 months.”
He also added that the merger of the two companies is “the ultimate direction,” and that it is “clear and convincing, with both companies benefiting from a larger scale.” Kallo reiterated his “outperform the market” rating for Tesla and a target price of $522.