US Stock Market Move | Merger rumors with SpaceX heat up, Tesla, Inc. (TSLA.US) rises over 3%.

On Monday, Tesla, Inc. (TSLA.US) rose over 3% to $366.23. On the news front, market speculation about a potential merger between Tesla, Inc. and SpaceX is heating up. Barclays analyst Dan Levy believes the two sides could announce a deal before Tesla, Inc.'s annual shareholder meeting on December 3, and the speculation has drawn market attention to the future business integration and valuation arrangements of the two companies. However, as of now, neither company has officially confirmed a merger plan, and Tesla, Inc.'s latest proxy statement does not list the merger as an explicit voting item. Therefore, whether the annual shareholder meeting will involve the related transaction remains to be confirmed by subsequent company announcements. On October 19, Cantor Fitzgerald reiterated its "Overweight" rating and $485 price target for Tesla, Inc., saying it is bullish on the company's prospects following the launch of the next-generation Roadster.