Musk’s public endorsement of SpaceX-Tesla deal may throw a wrench in talks
Musk owns nearly a fifth of Tesla and just under half of SpaceX, and analysts have said a merger would give him...
Elon Musk, who owns nearly a fifth of Tesla and just under half of SpaceX, has publicly endorsed a potential US$3.5 trillion merger between the two companies. This endorsement may cause concern among insiders involved in the discussions, as his comments could invite shareholder scrutiny and potentially delay the process for several weeks. The disclosure has created a "mess" for the talks, as it could lead to questions about how well Tesla shareholders' interests would be represented.
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