Tesla shares climb as investors boost holdings and analysts tout possible SpaceX merger

Bogart Wealth LLC increased its stake in Tesla Inc. (NASDAQ:TSLA) by 169.5% in the first quarter, bringing its holding to 3,075 shares worth about $1.14 million. The disclosure highlights continued institutional buying amid Tesla’s recent strong delivery numbers and expansion of its Robotaxi service.

RBC Capital analyst Tom Narayan raised his price target for Tesla from $475 to $500, citing a growing chance that Tesla could merge with SpaceX in an all‑stock transaction that would give Tesla shareholders a 20‑30% premium. Wedbush’s Dan Ives estimates the probability of such a deal at over 80% within the next year, pointing to AI and data‑center synergies. The proposed merger would face intense regulatory scrutiny, antitrust review and possible shareholder lawsuits, given Elon Musk’s large voting stakes in both companies.

These developments have fueled a rally in Tesla’s stock, with analysts and investors watching for any formal merger filing or a special board committee to evaluate the proposal.