SPCX 2X Short ETF
SNK14.6803.45% ( +0.490 )
Closed: Oct 16, 16:00:00 (EDT)SpaceX vs. Tesla: Wall Street Sees Over 3X More Upside in One Elon Musk Stock After the Roadster Demo
Tip Ranks·- Tesla unveiled its second-generation Roadster at a SpaceX facility, showcasing advanced aerospace-derived propulsion technologies and a planned 2028 production start. - While the demonstration highlights significant engineering capabilities, Tesla's financial focus remains on autonomous driving, robotaxis, and energy storage, with Q3 vehicle deliveries reaching 486,532 units. - Wall Street maintains a Moderate Buy consensus on Tesla with a 12-month average price target of $404.87, representing an expected upside of approximately 14%.Elon Musk may have just taken a major step toward consolidating his empire
MarketWatch·- Analysts suggest that Tesla's unveiling of a flying Roadster utilizing SpaceX rocket thrusters may facilitate a future merger between the two companies. - CFRA analyst Garrett Nelson raised his Tesla price target to $475 and estimated a 90% chance of a merger by the end of next year, while Barclays analyst Dan Levy noted that control increasingly motivates Musk to pursue a combination. - The Roadster, featuring engineering collaboration between Tesla and SpaceX, is scheduled to go into production in 2028 with ongoing $50,000 reservations for the performance version.TSLA vs. SPCX: Which Stock Do Analysts Prefer after the Roadster Demo?
Tip Ranks·- Tesla and SpaceX showcased a new Roadster featuring thrusters, though future growth relies primarily on Tesla's autonomous vehicles and commercial trucks, and SpaceX's Starlink and AI. - Tesla's growth is driven by rising FSD subscriptions, the roll-out of Cybercab robotaxis, and the commercial delivery of Semi trucks. - SpaceX's growth is propelled by Starlink connectivity expansion, upcoming mobile phone services, and expanding artificial intelligence ventures, with Wall Street analysts currently favoring SPCX stock for higher upside potential.SpaceX Q3 Earnings Countdown: 5 Debates to Watch
benzinga_article·SpaceX Stock: 'The Proof Points Are Closer,' Says Evercore as It Raises Price Target
Tip Ranks·- Evercore ISI analyst Kutgun Maral maintained an outperform rating on SpaceX stock and raised its price target by about 20% to $ 275. - The analyst increased SpaceX's 2029 adjusted EBITDA forecast to $ 266 billion and projected the 2026 annualized revenue to reach $ 104 billion. - Despite investor concerns over AI expansion costs, higher earnings projections and upcoming milestones for Starship and Starlink support the higher valuation.Gary Black Warns Tesla Bulls Against Hyping SpaceX Merger, Says Roadster’s Brand Impact Could Outweigh Earnings
benzinga_article·- Future Fund Managing Partner Gary Black warned Tesla investors against promoting a potential merger with SpaceX, arguing that arbitrageurs would erase shareholder premiums in a stock-for-stock deal. - Black estimated that the SpaceX-powered Roadster would contribute only $0.06 per share to Tesla's 2029 earnings, representing about 1.1% of the consensus estimate. - He acknowledged that the vehicle's advanced features could create a significant positive brand impact for Tesla despite its limited financial contribution.