French Paris Bank: Merger of Tesla and SpaceX Remains Remote

BlockBeats News, July 9th, a BNP Paribas analyst in France expressed skepticism about the recent merger possibility between Tesla and SpaceX. They stated: "The substantial cash burn of both companies and significant regulatory risks make the potential merger between SpaceX and Tesla complicated." The improved sentiment of Tesla investors due to merger speculation may be overly optimistic, and they are maintaining their "underperform" rating and $280 price target.

"We are concerned that Tesla will face significant KPI challenges in its autonomous taxi and Optimus business over the next two years, posing downside risks to the core business before any SpaceX merger is truly realized."