Tesla shares rise after Musk says SpaceX merger would be a good idea
SPCX•Tesla shares rose 1.17% after hours after Elon Musk said combining SpaceX and Tesla would be a good idea; he said the companies formed special committees to review a potential merger.
1. Merger committees formed
Musk said SpaceX and Tesla have formed special committees to review a potential merger. Tesla shares rose 1.17% after hours and were down 16.9% year to date as of the last close. Of 48 analysts, 24 rated the stock “strong buy” or “buy,” 20 rated it “hold” and four rated it “sell”; the median price target was $401.50.
