Changes in US stocks | Tesla (TSLA.US) opened high and rose more than 2.6%, and its market capitalization approached 1.6 trillion US dollars

The Zhitong Finance App learned that on Tuesday, Tesla (TSLA.US) moved high. As of press release, it had risen by about 2.6% and returned to 400 US dollars, with a total market value of close to 1.6 trillion US dollars. Since August, the stock has accumulated a cumulative increase of more than 30%. According to the news, market speculation about a potential merger between Tesla and SpaceX continues to heat up. Musk confirmed in the SpaceX earnings conference call on October 20 that the two sides have set up a special committee to discuss the merger, but have yet to finalize a specific transaction plan.

Barclays raised Tesla's rating to “overrated” and raised the target price from $370 to $450. The core logic is to consider the strategic premium released by the potential merger between Tesla and SpaceX. Barclays believes the two sides may announce the deal before Tesla's December 3 annual shareholders' meeting.

Cathy Wood, founder of ARK Invest (ARK Invest), said that Tesla and SpaceX are leading the US economy to real GDP growth of up to 9%; at the same time, if the two companies merge, it may bring considerable benefits to both shareholders. She pointed out that the growing business overlap between Tesla and SpaceX provides a stronger financial case for the merger.