Baird Predicts Tesla Q2 Deliveries at 392,900 Units, Potential SpaceX Merger in 12-18 Months

According to Baird analyst Ben Kallo on June 24, Tesla is expected to deliver approximately 392,900 vehicles in the second quarter, with full-year 2026 deliveries projected at 1.68 million units. Kallo further predicted that a merger between SpaceX and Tesla could occur within 12 to 18 months, describing it as a logical "end state" that would benefit both companies through increased scale. The analyst maintained a "buy" rating on Tesla with a $522 price target.
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