Tesla Rebounds 4.6% as J.P. Morgan Lifts Target 227% on Physical AI and SpaceX Merger Odds
Tesla (TSLA) surged 4.59% to close at $408.95 following a 227% price target increase from J.P. Morgan to $475, which highlighted the company's frontrunner positioning in vertical integration and "Physical AI" robotics. Near-term buying pressure was further accelerated by options positioning ahead of the $150 billion oversubscribed SpaceX (SPCX) IPO, as structural amendments in the S-1 filing led prediction markets to price a 50% probability of a strategic corporate merger by May 2027.