Potential Tesla and SpaceX merger
The developments in this story so far, most recent first.
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· date approximate Development
Tesla weighs sale of China business to clear path for SpaceX merger, WSJ reports
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· date approximate Background
Musk discussed potential company overlap and merger processes during Tesla's second-quarter earnings call.
During Tesla's second-quarter earnings call, Elon Musk addressed the possibility of combining Tesla and SpaceX. He noted that there is
increasingly more overlap between his companies, specifically mentioning Terafab. However, he stated that any combination of the companies would need to be conducted through an appropriate process.
When asked about the merger, Musk directed the question to Tesla's general counsel, Brandon Ehrhart.
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· date approximate Background
Elon Musk declined to shut down the idea of combining Tesla and SpaceX during July.
In early July, Elon Musk declined to dismiss the possibility of combining Tesla and SpaceX. He pointed to an increasing amount of overlap between the two companies, specifically noting more overlap with Terafab during Tesla's second-quarter earnings call.
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· date approximate Background
Tesla's Shanghai factory produced its 4 millionth China-built car.
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