Musk's public endorsement of SpaceX-Tesla deal may throw a wrench in talks
NEW YORK — Elon Musk's public endorsement this week of a potential $3.5 trillion merger between SpaceX and Tesla has rattled some insiders involved in the discussions, who worry his comments could invite shareholder scrutiny and delay the process by several weeks, according to a person with direct knowledge of the talks. The disclosure created a "mess" for the process, as it could lead to…
New York — Elon Musk's enthusiastic remarks about the potential $3.5 trillion merger between SpaceX and Tesla have caused alarm among those involved in the negotiations, who fear his comments could open the door to shareholder scrutiny and push back the process by several weeks, according to a person familiar with the talks. This unexpected disclosure has thrown a wrench into the proceedings, potentially prompting questions about how well Tesla shareholders' interests would be protected, the source explained.
The worries echo concerns that arose during Tesla's 2016 acquisition of SolarCity, which resulted in years of legal disputes over Musk's involvement. In a recent interview, Musk stated that SpaceX and Tesla were reviewing what would be the largest corporate deal in history and disclosed that both firms had established special committees to assess the matter. This has drawn a more detailed response from those with knowledge of the situation.
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- Musk’s public endorsement of SpaceX-Tesla deal may throw a wrench in talks businesstimes.com.sg
- Musk's public endorsement of SpaceX-Tesla deal may throw a wrench in talks koreatimes.co.kr
