Gary Black Sounds Alarm On Sell Side Bias In SpaceX IPO Buzz - Tesla (NASDAQ:TSLA)
Published on March 27, 2026.
Tesla (NASDAQ:TSLA) CEO Gary Black has warned shareholders to remain skeptical of "overly positive" analyst opinions about SpaceX, a potential merger with TSLA/SpaceX merger, and the merits of any specific IPO. Black highlighted a conflict of interest in sell-side analysts' payouts, suggesting that they are more focused on commission than their investment ideas. The warnings come as reports suggest SpaceX could file for its initial public (IPO) offering as early as this week. Black also warned that a merger could result in a 20-25% reduction in Tesla's stock value and a "conglomerate discount" where stocks trade at the lowest common multiple.
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