A Tesla-SpaceX Merger Doesnโt Add Up
Elon Musk is eager to consolidate Tesla and SpaceX, but recent earnings numbers show how odd that merger would be, Bloomberg Opinion columnist Liam Denning says. (Source: Bloomberg)
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Elon Musk is eager to consolidate Tesla and SpaceX, but recent earnings numbers show how odd that merger would be, Bloomberg Opinion columnist Liam Denning says. (Source: Bloomberg)
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Tesla has agreed a deal to integrate Chinese fintech giant Ant Groupโs Alipay digital payment software into its vehicles in China, as Elon Muskโs firm steps up efforts to offer localised smart features amid intense competition in the Chinese market. The agreement, signed on Tuesday, will see Tesla roll out an Alipay-powered smart parking service across its Chinese fleet, according to the fintech firm. Neither side revealed a launch date or which car models would receive the feature, though...
US equity futures rise as SpaceX's quarterly earnings and Elon Musk's remarks on a potential SpaceX-Tesla merger boost investor confidence. Citadel's Ken Griffin warns that investors are "almost certainly" in an AI bubble, while Deutsche Bank's Christian Sewing says he doesn't see one. Jensen Huang speaks at the Nvidia GTC event in Berlin. Tesla, Meta, and IBM are set to report earnings. Kallum Pickering of Peel Hunt joins "Bloomberg Brief" on the risks around debt-financed growth. Bernard Mensah, President of Bank of America International joins Bloomberg's Francine Lacqua for an exclusive conversation at the Berlin Global Dialogue. (Source: Bloomberg)
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Musk, who is CEO of both companies, says there is "a lot to be gained" from the merger, which would be the biggest in history.
Elon Musk said SpaceX and Tesla Inc have formed special committees to explore a potential merger, a preliminary step towards what would rank as the largest corporate tie-up of all time. โI do think thereโs a lot of merit to combining the companies,โ Musk, the chief executive officer of both companies, said on Tuesday on SpaceXโs earnings webcast. โThereโs a lot to be gained from cooperating on developing superintelligence software.โ Musk said he is not taking part in the committee discussions...
Ross Gerber discussed Teslaโs anticipated Roadster unveiling, following a Barclays note suggesting Tesla and SpaceX could merge before year-end, potentially ahead of Teslaโs annual general meeting. Gerber said a high-priced car made in low volumes would not materially affect Tesla financially. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)