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BNP Paribas: Tesla and SpaceX Merger Unlikely in the Near Future
1 day ago /
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Author：小编
On July 8, analysts at BNP Paribas expressed skepticism about the likelihood of a near-term merger between Tesla and SpaceX. They pointed out that both companies are experiencing significant cash burn and face substantial regulatory risks, which complicate any potential merger. Investor sentiment towards Tesla, buoyed by merger speculation, may be overly optimistic. Analysts maintained their "underperform" rating and a target price of $280 for Tesla, expressing concerns that the company will face severe challenges in its robotaxi and Optimus businesses over the next two years, which could pose downside risks to its core operations.
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