SpaceX (NASDAQ:SPCX) analysts are initiating coverage on the stock nearly a month after the highly anticipated IPO. Freedom Capital Markets Chief Market Strategist Jay Woods shares with Benzinga why SpaceX valuation scares him, but he's not willing to bet against CEO Elon Musk.
JPMorgan analyst Rajat Gupta cast doubt on a possible merger between Tesla and SpaceX, writing that a tie-up between Musk's firms is “strategically coherent on paper” and that their businesses would complement each other, but regulatory approval would prove difficult.
Tesla (TSLA) is facing renewed scrutiny after a Texas man was charged with manslaughter following a Model 3 crash into a home that killed a 76-year-old woman.Mi
Tesla's deliveries in Q2 were 25% higher than they were a year ago. The company's profits have nosedived in recent years due to an increase in competition and shrinking margins.