Expectations of a merger with SpaceX (SPCX.US) continue to heat up; the proportion of Wall Street bears on Tesla (TSLA.US) hits a more than 11-year low.

Zhitong Finance APP has learned that as a potential merger between Tesla (TSLA.US) and SpaceX (SPCX.US) gradually moves closer to reality, Wall Street analysts are rapidly turning bullish on this electric vehicle manufacturer. Data shows that the proportion of analysts giving Tesla a sell rating has fallen to its lowest level in more than 11 years, and the market is full of expectations for the potential valuation boost that a merger of the two companies could bring.