Tesla shares fell over 1% in overnight trading leading into Monday. This decline ended a two-week winning streak for the stock.
Tech investor Gene Munster predicted a greater than 50% probability of a Tesla and SpaceX merger. He expects this combination to occur within the next five years.
Recent reports suggest a potential SpaceX IPO could value the company at over $2 trillion. Munster identified Robotaxi, AI, and Optimus robot projects as Tesla's next primary growth drivers. He projects these advancements could push Tesla stock to $600 by 2027.