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.

You're reading a preview, sign up to read more.

More from Los Angeles Times

Los Angeles Times5 min read
California's Mighty Predator — The Mountain Lion — Faces 'Extinction Vortex'
LOS ANGELES - As the mountain lions of Southern California approach what some experts call an "extinction vortex," environmentalists are demanding that state officials grant the big cats protective status - a move that could potentially ban developme
Los Angeles Times8 min readPolitics
Treat Workers As Employees? Uber, Lyft And Others Are Scrambling For A Compromise
Faced with a looming threat to their way of doing business, Uber, Lyft and other major on-demand companies are trying something they've historically been reluctant to do: seeking compromise. Anxious to preserve the freelance work arrangements upon wh
Los Angeles Times2 min read
A Texas City Has Nation's Best Drivers, Baltimore The Worst.
LOS ANGELES - Thinking about where to go on your next road trip? Brownsville, Texas, could be a safe bet. The border town a little less than 30 miles from South Padre Island, for the second year running, is where you'll find America's best drivers. Y