Tesla shares fell over 1% in overnight trading. Renewed speculation regarding a potential merger with SpaceX fueled the decline.
Tech investor Gene Munster estimates a greater than 50% probability of a merger within five years. He believes the combination would create a dominant AI powerhouse to drive future growth.
SpaceX is reportedly nearing an IPO with a valuation exceeding $2 trillion.
Munster projects a potential $600 stock price for Tesla by 2027. This target relies on scaling Robotaxis, adopting physical AI, and executing the Optimus robot program.