Tesla and SpaceX are discussing a possible merger, Musk says

Tesla and SpaceX have formed special committees to discuss a possible merger, Elon Musk said during the latter's third quarter earnings call Tuesday.

The Core Event

Musk, who serves as CEO of both companies, said the special committees have not reached agreement on the terms of any transaction - and that there's no guarantee that they will.

Key Facts

Tesla and SpaceX have formed special committees to discuss a possible merger, Elon Musk said during the latter's third quarter earnings call Tuesday.

Context & Significance

Musk, who serves as CEO of both companies, said the special committees have not reached agreement on the terms of any transaction - and that there's no guarantee that they will.

Outlook

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