Tesla 
TSLA shares fell about 2% on Friday morning even as Wedbush reiterated an Outperform rating and a $600 price target on the electric-vehicle maker.
Analysts at the firm said they continue to expect SpaceX and Tesla to eventually merge into one company in 2027, citing a joint Terafab facility that ties both operations together. Tesla holds a stake in SpaceX following the company’s $2 billion investment in xAI, which was later converted to SpaceX shares after SpaceX acquired xAI earlier this year.
Wedbush noted that regulatory hurdles from the FTC and DOJ remain, and that CEO Elon Musk’s goal is to own 25% of Tesla over time. The stock traded at about $372, giving the company a market capitalization of roughly $1.4 trillion.
Other analysts offered mixed views. RBC Capital reiterated an Outperform rating with a $500 target, while Barclays kept an Equalweight rating and a $360 target. GLJ Research downgraded Tesla to Sell with a $25.28 target, citing an escalated federal safety investigation into the company’s Full Self-Driving system.
