The piece is driven by analyst reiterations and evolving merger speculation rather than a near-term operational event, which may influence trading sentiment over the next several sessions but lacks immediate fundamentals confirmation.
Tesla (TSLA) Seen Trading More Like a SpaceX Proxy as Merger Talk Grows Ghazal Ahmed Wed, June 24, 2026 at 3:47 PM GMT+2 2 min read TSLA SPCX MSFT NVDA Tesla, Inc. (NASDAQ:TSLA) is one of the 15 AI Stocks Analysts Are Watching: Microsoft, Nvidia, and More . On June 22, Jefferies reiterated the stock as hold and raised its price target to $375 per share from $350.
The firm has cautioned that Tesla may begin trading more like a SpaceX proxy as merger speculation builds. Tesla shares did not sell off ahead of the SPCX IPO or since. Consensus that a merger will be next and soon may turn TSLA into a tracker as shareholders try to minimize stake dilution.
They noted how a merger may change how investors view Tesla. Instead of focusing on Tesla's main businesses, they may begin to treat TSLA as a way to gain exposure to SpaceX. Tesla (TSLA) Seen Trading More Like a SpaceX Proxy as Merger Talk Grows A day later, on June 23, Baird reiterated the stock as "Outperform" and said it's sticking with Tesla and sees a SpaceX merger "sooner rather than later.
" With the deal now complete, we believe focus will shift to a potential merger between the two entities, and we see this as likely to happen sooner rather than later. Acknowledging uncertainty in the timing of a potential merger, we continue to be buyers of TSLA with company-specific catalysts ahead. Tesla, Inc.
(NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy . Disclosure: None. Follow Insider Monkey on Google News .
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