Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for

Automatically curated summary from SpaceX News - TESLARATI.

Elon Musk announced during SpaceX’s Q3 earnings call that Tesla and SpaceX have formed special committees of independent directors to evaluate a potential merger requested by shareholders. Musk stated he is excluded from committee discussions due to conflict of interest, though he supports combining the companies, citing shared work in superintelligence, chip design, robotics, and connectivity. However, Musk cautioned that assuming a merger is certain overstates the situation, as no terms have been agreed upon and any transaction would require approval from 50 percent of all outstanding Tesla shares.

Context and limitations

The merger remains speculative as independent committees have not agreed on terms, and any final proposal faces high legal and shareholder approval thresholds.