[Baird: Tesla and SpaceX May Merge] BlockBeats News, June 24, Baird analyst Ben Kallo predicts that Tesla (TSLA.O) is expected to deliver 392,900 vehicles in the second quarter. He added that the total deliveries of the electric vehicle company will reach 1.68 million units by 2026. The analyst wrote: 'We believe a merger between SpaceX (SPCX.O) and Tesla is very likely to happen, expected within 12 to 18 months.' He also added that the merger of the two companies is 'the ultimate direction' and 'clear and compelling, with both companies benefiting from greater scale.' Kallo reiterated his 'Outperform' rating on Tesla with a target price of $522.