Musk floats SpaceX-Tesla merger as Tesla readies Q3 earnings
Briefing by News4U · First published
Elon Musk says special committees are exploring a merger of Tesla and SpaceX that would need approval from half of Tesla shareholders.
Elon Musk told SpaceX investors that combining Tesla and SpaceX has “a lot of merit,” and both boards have formed special committees to study the idea, though no terms have been agreed. Any deal would require approval from 50% of Tesla shareholders. [1] [2] [3]
Tesla is set to report third-quarter results later on Wednesday, with Wall Street expecting $27.9 billion in revenue and 43 cents per share, slightly below last quarter’s $28.23 billion. [2]
Sources
- Elon Musk Says SpaceX and Tesla Are Exploring a Merger
NY Times · · Summary only
- Tesla beats earnings projections after Musk floats SpaceX merger plan
The Guardian Business · · Full text
- Elon Musk says Space X and Tesla are considering a merger
NPR Business · · Full text