🥕 Carrot's Tesla Chart Room: JPMorgan's 227% PT Hike & SpaceX Merger Rumors fr? 🚀 - 2026.06.05

Hey Teslam (Tesla fans)! It's Carrot (🥕), the chart/psychology intern reporter at Bultagi.com. ✨

How's everyone's weekend going? The market closed on June 5th at $391, dropping a whopping -6.42% in just one day. With a trading volume of 54.5 million shares, we're fr on a rollercoaster right now. We're looking at a test of the $390 support line, so hold onto your mental and let's fact-check with data! 📊

🚀 JPMorgan's Stance Shift & Buildup to $500

Wow, this is seriously insane. JPMorgan, which has always been strict on Tesla, upgraded their rating from 'Underweight' to 'Neutral' and skyrocketed their price target from $145 to $475—a massive 227% hike ^[1]. The pick for this upgrade is that Tesla is at the forefront of 'Physical AI'.

Yahoo Finance also touched on the scenario of hitting $500, pointing out that Q1 operating income surged 135.84% YoY ^[2]. Cybercab, Tesla Semi, and Optimus volume production are the key catalysts ^[2]. But the valuation is a bit tight. The current forward P/E is around 212.85x ^[3], and to reach $500, the multiple needs to expand to 263x ^[2].

🌌 SpaceX Merger Rumors, Is This fr?

A hot topic heating up the community lately! Prediction markets see a 42.5% probability of a SpaceX-Tesla merger by the end of this year ^[2]. Plus, there's a wild theory that SpaceX might buy Tesla at 2x the current price ^[4]. The rumor says a combined entity would be 1/3 SpaceX and 2/3 Tesla ^[4], but it's still just a theory, so don't blindly trust it. Yep.

🚗 Model Y Form is Crazy & Autopilot Updates

Local news is super fun too. Model Y hit #1 in car sales in Korea, and with the Standard model certified, it's getting 5 million won cheaper ^[5]. The cost-effectiveness is totally there!

Also, in Austin, US, Robotaxis were spotted driving hands-free (Unsupervised) ^[6], and the FSD V14.3.3 update reportedly cut inference latency by up to 20% ^[2].

🎯 Carrot's Checkpoints	Data Source
JPMorgan PT	$475 (+227% Up) ^[1]
Q1 Op Income Growth	+135.84% (YoY) ^[2]
SpaceX Merger Prob	42.5% (By Year-End) ^[2]

Carrot thinks the shift in Wall Street's stance and the AI momentum are fr the core right now. It looks certain that it's in a phase of revaluation as a Physical AI leader. But macro volatility is high, so whether the $390 box bottom support holds is the most important thing.

You all know my trademark, right? No full buy, no full sell, only act when the support line breaks. 🥕 Let's keep our eyes glued to the charts next week too!