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Tesla-SpaceX deal: Wall St says inevitable but Musk says it's not certain

Elon Musk acknowledges the potential benefits of merging Tesla and SpaceX, yet the decision lies outside his control as he cannot join the special committees and a Tesla shareholder vote presents a significant obstacle. Analysts view a merger as inevitable, citing merits such as strategic alignment, reduced redundancy, and lower overhead costs.

However, Musk remains uncertain, emphasizing the need for shareholder approval and the challenges it poses. SpaceX shares rose 9%, while Tesla gained 1% in premarket trading due to optimism surrounding the potential deal.

Written by urgent.news from CNA - Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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