Tesla stock held near $406 on June 15, 2026, as Wall Street analysts remain divided over merger speculation between the electric-vehicle maker and Elon Musk’s SpaceX, which just completed its initial public offering.
According to Public.com, 27 analysts have assigned Tesla a consensus rating of Hold, with a price prediction of $409.18 for 2026. The stock’s trading range reflects broader uncertainty about the company’s near-term direction amid questions about autonomous-driving timelines and capital intensity in the EV market.
The Tesla stock price near $406 comes as speculation intensifies over a potential combination with SpaceX. Wedbush analyst Dan Ives has been among the most bullish voices, stating that he sees an 80% to 90% probability that Tesla and SpaceX will combine in 2027, after SpaceX completes its IPO. Ives described such a merger as the “holy grail” for Musk, as it would allow him to better own and control the broader artificial intelligence ecosystem. He has pointed to existing operational connections between the two companies, including the joint Terafab facility in Austin, as evidence that the groundwork for integration is already being laid.
Analysts Clash Over Merger Timing
Not all analysts are convinced a merger would be beneficial or imminent. On June 11, 2026, Oppenheimer analysts pushed back against growing merger speculation, arguing that keeping the two companies separate would better support Musk’s long-term AI ambitions. Oppenheimer noted that Musk’s vision “is best served by diversified, flexible access to capital” and that “having two public currencies supports that strategy most effectively.” While the firm acknowledged that a combination remains “plausible,” it does not expect a near-term merger.
Oppenheimer instead anticipates that supply-chain synergies between Tesla and SpaceX will expand in the coming years ahead of any potential transaction. The firm highlighted Tesla’s stationary energy-storage business as a key near-term beneficiary of the SpaceX IPO, with Tesla’s energy-storage capabilities expected to play an important role in supporting SpaceX’s power and computing needs for data centers. As a result, Oppenheimer raised its energy-storage sales forecasts by 2% for the remainder of 2026 and by 3% for both 2027 and 2028.
Veteran investor Steven Eisman took an even more skeptical view, telling CNBC that while he wouldn’t be surprised if Musk eventually uses SpaceX stock to acquire or merge with Tesla, he believes such a move would be highly unattractive for SpaceX shareholders. Eisman argued that combining the two companies would likely hurt the stronger SpaceX business, as Tesla operates in a highly competitive and capital-intensive EV market.
Sources
- Public.com — Tesla analyst consensus rating and 2026 price prediction
- Yahoo Finance / Stocktwits — Wedbush Dan Ives merger probability and Oppenheimer analyst commentary on merger speculation
- Trading212 — Tesla stock price near $406.43
- CNBC — Steven Eisman commentary on SpaceX-Tesla merger prospects
