Barclays upgraded Tesla $TSLA to Overweight, $450 target, because the SpaceX merger is "now a key part of the bull case."
Their read on the structure: SpaceX acquires Tesla in an all-stock deal.
At $450, Musk ends up with about 53% of the combined company's voting power.
Their read on the structure: SpaceX acquires Tesla in an all-stock deal.
At $450, Musk ends up with about 53% of the combined company's voting power.