"Grand Vision Plan 5.0" conjecture: Wedbush predicts Tesla(TSLA.US) and SpaceX may achieve a historic merger next year

The Zhitong Finance APP has learned that for a long time, Tesla (TSLA.US) has articulated its long-term strategic vision through the release of its Master Plan system, and according to Wedbush Securities, its next version of the Master Plan may involve one of the largest mergers and acquisitions in the company’s history (by market value).

Wedbush expects that Tesla and SpaceX will complete their merger by 2027. Analyst Dan Ives and his team pointed out that the groundwork for the two companies to combine has already been laid. The report emphasized that earlier this year, Tesla invested $2 billion in xAI, which converted into shares of SpaceX after xAI was acquired, giving Tesla a stake in SpaceX. This transaction initially linked Musk’s two companies more closely together, but currently, this stake accounts for less than 1% of SpaceX’s expected valuation.

Ives believes that the recent joint announcement by SpaceX and Tesla to build the Terafab superfactory further deepens the integration of their businesses. Given the existing business overlaps, the feasibility of merging operations between the two parties is also increasing.

He stated, “Although this move will face multiple regulatory hurdles from the Federal Trade Commission and the Department of Justice, Musk’s ultimate goal remains to gradually hold 25% of the company’s shares as Tesla enters its most significant growth phase in history.” Ultimately, Musk hopes to own and control a larger artificial intelligence ecosystem, and merging SpaceX with Tesla in some way is a key pathway to achieving this goal.

It is understood that Tesla’s first Master Plan was released in 2006, outlining a clear roadmap: to create high-end electric sports cars, develop affordable electric vehicles based on this foundation, and ultimately promote the widespread adoption of zero-emission transportation and energy solutions. In 2016, Tesla released the second chapter of the Master Plan, expanding its strategic layout to a complete model matrix, solar roofs, autonomous driving, and a network of self-driving taxis. The third chapter of the Master Plan, released in 2023, focuses on building a large-scale global sustainable energy economy through electrification, renewable energy, and energy storage technology. The fourth chapter of the Master Plan, to be announced in 2025, will set Tesla’s next stage of development focus on “sustainable prosperity” and drive large-scale industrial transformation.