Tesla’s CEO suggested a possible merger with SpaceX could have significant benefits but stopped short of providing details during the company’s latest earnings call. Shareholders would need to approve any such deal, requiring support from half of all Tesla investors. Musk acknowledged the complexity of the situation, comparing it to navigating a "minefield," while declining to answer further questions on the topic. Investors were left with more questions than answers after the call.
Musk says ‘there’s a lot of merit’ to potential merger that would require approval of 50% of all Tesla shareholders, but he declined to elaborate Investors were paying close attention to Tesla’s third-quarter earnings call on Wednesday afternoon, after chief executive Elon Musk floated the idea of merging the car company with his rocket and AI company, SpaceX. But they didn’t glean further information after the company announced there would be no questions on the matter.“With regard to a potential merger with SpaceX, I think I said everything that should be said yesterday,” Musk, the CEO of both companies, said on Tesla’s earnings call. He repeated a phrase he said on Tuesday: “I feel like I’m tap dancing through a minefield.” Continue reading...
