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

World 2 sources 2 countries 🔦 Under-reported 29m ago

Elon Musk has stated that while he sees significant merit in a potential merger between Tesla and SpaceX, a deal is not guaranteed. According to coverage, Wall Street analysts view the combination as inevitable, creating a tension between market expectations and the hurdles facing the transaction.

Specific obstacles to the deal include two independent special committees that Musk is barred from joining, as well as a required Tesla shareholder vote, which Musk has described as a high hurdle. Following the discussions, market reactions showed a positive movement, with Tesla shares rising 1.5% in premarket trading and SpaceX gaining 8.4%.

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Read the full story at the source Express Tribune (Karachi, Pakistan) · PK ↗
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