Tesla Stock Price Target $485: Cantor Bets On SpaceX Merger As Shares Climb 3.4%

The post Tesla Stock Price Target $485: Cantor Bets On SpaceX Merger As Shares Climb 3.4% appeared first on Coinpedia Fintech News

Cantor Fitzgerald has maintained its Overweight rating on Tesla with a $485 price target, about 25% above the stock’s current $386.47, saying it expects a merger with SpaceX to go ahead. Tesla and SpaceX have formed special committees at shareholders’ request to study a combination, and any deal would need about 50% approval from Tesla …