Los Angeles Times

Could Tesla merge with SpaceX? A Morgan Stanley analyst raises the possibility

Morgan Stanley stock analyst Adam Jonas told clients Wednesday that if Tesla's troubles continue, it's unlikely to be acquired by a tech company, an auto company, or someone from China. But it could end up merging with SpaceX, another Elon Musk company.

A recording of the 55-minute conference call with clients was leaked online. The meeting was held two days after Jonas, a longtime Tesla bull, put a "worst-case" price of $10 on Tesla stock, although he didn't change his current $230 target price.

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