BlockBeats News, July 8th, Morgan Stanley analyst Rajat Gupta stated that although the merger of Tesla and SpaceX "makes sense on paper," the current speculation surrounding the merger underestimates the potential obstacles to the transaction. Potential obstacles include regulatory approval from multiple jurisdictions; governance and voting rights symmetry; and the perception that "the merger is seen as an acquisition led by SpaceX rather than a merger of equals."

He added, "Overall, we will be watching SpaceX's acquisition currency, the regulatory landscape, and Musk's voting rights at Tesla as potential catalysts nearing the merger." Morgan Stanley stated that if the transaction were to occur, the most likely structure would be for SpaceX to lead and acquire Tesla in an all-stock deal.