Tesla stock analysis highlights potential SpaceX merger and robotaxi expansion

Tesla’s shares trade around €325 as the company shifts from pure automaker to a broader technology and AI focus, with growth tied to its energy business, autonomous software and new product lines such as the Cybercab robotaxi and the humanoid Optimus robot.

Investment bank Baird maintains an "outperform" rating and a price target of $522, noting that a merger between Tesla and SpaceX could occur within the next 12‑18 months. The bank describes such a union as "the ultimate endgame" for Elon Musk, expecting scale synergies in AI, infrastructure and capital.

Key growth catalysts cited include projected Q2 vehicle deliveries of about 393,000 units, expansion of robotaxi services in the United States, the rollout of Full Self‑Driving in Europe, and commercial prospects for Optimus in logistics and health‑care. These factors collectively shape analysts’ optimism for Tesla’s future performance.