Elon Musk is reportedly advancing plans to merge his AI company xAI with SpaceX, with discussions underway to facilitate the deal through newly formed Nevada entities. The merger could potentially boost Tesla (TSLA) via spillover investor interest, although Tesla's stock has recently declined by about 4% amid the news. Wall Street analysts remain largely optimistic on Tesla’s growth potential, with price targets ranging from $439 to $600 ahead of 2026.