Tesla beats earnings projections after Musk floats SpaceX merger plan
During Tesla's third-quarter earnings call, CEO Elon Musk suggested a potential merger between Tesla and SpaceX, his rocket and AI company. He declined to provide details and said he had discussed the matter fully in prior comments, stating he felt like he was 'tap dancing through a minefield.' The company announced shareholders would not be permitted to ask questions about the proposal.
Key points
- Musk proposed potential Tesla-SpaceX merger, citing 'a lot of merit' to the idea.
- Merger would require approval from 50% of Tesla shareholders.
- No additional details or questions about the merger were permitted during earnings call.
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. The Guardian Technology did the reporting; read the original for the full story.
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