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00:02Barclays upgraded Tesla to overweight on Monday and raised its price target from $370 to $450,
00:10citing a potential merger with SpaceX and improving prospects for Tesla's vehicle and energy businesses.
00:17According to Benzinga, analyst Dan Levy said,
00:21combining the companies could accelerate Tesla's transition into AI and autonomous driving.
00:26During SpaceX's October 20th, Elon Musk confirmed both companies formed independent committees to explore a merger,
00:34although neither has agreed to a deal.
00:36Tesla reported 1.74 million active full self-driving customers in the third quarter, up 67% year over year.
00:44The companies are also collaborating on the TerraFab semiconductor project.
00:48In an exclusive Benzinga interview, Seaport Research Partners Semiconductor Analyst Jay Goldberg
00:55warned that commercially significant production might not begin until 2030,
01:00despite Musk's ability to move faster than competitors.
01:04For all things money, visit Benzinga.com.
