Tesla investors demand Elon Musk address SpaceX merger speculation at Q2 earnings

Corporate ActionAnalyst Impact 4
โดย TheStreet·Read original
Summary · why it matters

Tesla shareholders have elevated questions about a potential merger with SpaceX to the formal agenda for the company's second-quarter earnings call on July 22, using the Say Technologies platform to surface 22 questions on the topic. The persistent investor curiosity follows SpaceX President and COO Gwynne Shotwell's refusal to rule out a combination during the company's June 12 IPO day, when she cited synergies and convergence between the two firms. Wedbush analyst Dan Ives sees a merger happening in the first half of 2027 with odds above 80% and a $600 price target on Tesla, while BNP Paribas maintains an underperform rating with a $280 target, warning of significant cash burn and regulatory hurdles. Tesla already holds a stake in SpaceX, sold roughly $890 million in vehicles and batteries to SpaceX and its subsidiary xAI since 2023, and saw its $2 billion investment in xAI convert into SpaceX equity when SpaceX acquired xAI earlier this year. Investors are now looking for clarity on whether a formal combination is part of Musk's plan and what it would mean for their holdings.

Impact on stocks 3

Electrification & Mobility · 1 stocks
Tesla Inc
TSLA
± MixedCapitalrelevance

Investor demand for merger clarity; analyst views split (Ives bullish, BNP bearish).

Space Economy · 1 stocks
Financials · 1 stocks
BNP Paribas SA
BNP
▼ NegativeCapitalrelevance

BNP Paribas maintains underperform rating on Tesla with $280 target, citing cash burn and regulatory hurdles.

Theme Impact 2

Off-coverage companies 2

Wedbush Inc.Private▲ Positive
Capitalrelevance

Wedbush analyst Dan Ives sees merger odds >80% and $600 price target on Tesla.

Say TechnologiesPrivate± Mixed
relevance

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