Elon Musk says Tesla and SpaceX have set up committees to explore a merger
Elon Musk, who is CEO of both companies and owns billions in stock, said he can't be a part of those merger discussions.
TL;DR
- Tesla and SpaceX have created committees to discuss a potential merger.
- Elon Musk, CEO of both companies, cannot be part of these discussion groups.
- Musk believes a merger would be a good idea.
- Shareholder approval is required, specifically a 50% vote of all Tesla shares.
- Musk acknowledges that achieving this level of shareholder support would be a significant challenge.