BNP Paribas: A merger between Tesla and SpaceX is nowhere in sight

```htmlGolden Ten Data reported on July 8 that BNP Paribas analysts expressed doubts about a possible recent merger between Tesla and SpaceX. They stated: "The significant cash consumption of both companies and major regulatory risks make a potential merger between SpaceX and Tesla complicated." The improved Tesla investor sentiment due to merger speculation may be overly optimistic; thus, they maintain a "underperform" rating and a $280 price target. "We are concerned that Tesla will face tough KPIs in its autonomous taxi and Optimus businesses over the next two years, which will pose downside risks to its core business before any SpaceX merger truly materializes."```