Does Tesla Need a SpaceX Merger? Earnings, Roadster and FSD Potential

Bullish Gator

CFRA: Tesla’s earnings, cash flow and improving margins matter; Roadster hype should be taken with a grain of salt, while FSD could drive future revenue. Weighs potential benefits of a tentative SpaceX merger.

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What stands out

CFRA analyst Garrett Nelson said Tesla’s latest results showed better-than-expected earnings, positive cash flow, and improving margins as revenue shifts toward higher-margin services, a concise rebuttal to the narrative that Tesla’s business is deteriorating. He cautioned that headline-grabbing products such as the Roadster often slip from roadmap to reality, but singled out full-self driving (FSD, Tesla’s software suite intended to automate driving) as a credible long-term revenue opportunity. He also discussed what a tentative merger with SpaceX might actually add to Tesla’s strategic picture.