Woofun AI notes that BNP Paribas analysts express skepticism regarding the near-term feasibility of a merger between Tesla and SpaceX. The bank highlights significant cash burn at both entities and substantial regulatory risks as complicating factors for any potential consolidation.

The institution maintains its "underperform" rating and $280 price target for Tesla, warning that formidable KPIs in the robotaxi and Optimus sectors over the next two years pose downside risks to the core business before any merger can materialize.