CNBC
23 Oct 2026, 00:46 UTC · 1h ago
SpaceX records $561 million investment gain from stake in Elon Musk's Boring Co.
Impact · against what's priced in
The potential Tesla-SpaceX merger is a significant catalyst that would re-rate Tesla's valuation, though the market has already largely discounted the autonomous transformation required for its current price. The Megapack sales to SpaceX provide a small confirmation of the energy segment's growth, but do not shift the primary bearish thesis on automotive declines.
- TSLA+0.50
Challenges what's priced in
- The price assumes
A modest, incremental improvement in autonomy software, but not a near-term, high-margin paradigm shift.
The creation of special committees to discuss a merger with SpaceX would fundamentally change Tesla's business model and valuation multiple by consolidating Musk's aerospace and energy assets, moving beyond the 'modest' growth the market currently expects.
