Tesla-SpaceX merger hopes push bearish ratings to 11-year low

Analysts are rapidly turning more bullish on Tesla stock as a long-awaited combination with SpaceX edges closer to reality. The share of bearish ratings has fallen to its lowest level in 11 years.

• Share of bearish Tesla ratings hit an 11-year low
• Rising expectations of a Tesla-SpaceX merger drove the shift
• Analysts are broadly upgrading the automaker's stock