Why Tesla Stock Popped Today
(NASDAQ: TSLA) stock rose by as much as 5.6% by 11 a.m. today as news broke of a possible merger with SpaceX. According to Bloomberg and Reuters, there are also discussions taking place between SpaceX and Elon Musk's artificial intelligence company, xAI.
A tie-up, even a merger between SpaceX and xAI, would be welcomed by many investors who are concerned that Musk is spreading himself too thin across the companies he founded and co-founded.
In addition, there's a possibility of integrating technologies between Tesla and SpaceX, such as Tesla's energy storage expertise powering SpaceX satellites and starships. Or, taking the visionary approach one step further, Tesla's Optimus robots working in SpaceX facilities or even on SpaceX missions to Mars.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 125 Buy predictions and 45 Sell predictions.
As a result the target price of 394 € shows a slightly positive potential of 12.04% compared to the current price of 351.65 € for Tesla Inc.
