Dan Ives Says Tesla's Terafab Project Is Hinting Towards Merger With SpaceX—Predicts Nearly 55% TSLA Upside - Tesla (NASDAQ:TSLA)
Published on March 25, 2026.
Tesla (NASDAQ:TSLA) CEO Dan Ives has stated that the Terafab Project is potentially leading to a merger between Tesla and SpaceX, which he believes will occur in 2027. The project is crucial for CEO Elon Musk's AI efforts and is expected to reach 100k wafer starts per month, potentially increasing production capacity to 1 million per month as demand for AI compute within Musk's enterprises exceeds supply. Ives maintained an "OUTPERIVE" rating for Tesla and a price target of $600, indicating a nearly 55% upside for the stock.
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