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Stock Market 1 February 2026

Tesla stock price rises on SpaceX-xAI merger chatter as TSLA heads into Monday

Tesla stock price rises on SpaceX-xAI merger chatter as TSLA heads into Monday

Tesla shares climbed 3.3% to finish at $430.41 on Friday, easing off a near 5% spike earlier in the day. The rally came on news that Elon Musk’s SpaceX is negotiating a merger with xAI, and had also considered linking up with Tesla. Tesla announced a $2 billion investment in xAI earlier this week. Andrew Rocco from Zacks Investment Research said such a merger would “dramatically” boost investor returns.
1 February 2026