Elon Musk: Tesla and Solar City won't merge with SpaceX
Mario Anzuoni/Reuters
After earnings were released, CEO Elon Musk and CFO Jason Wheeler held a conference call with analysts, and naturally the $2.6-billion Tesla Solar City merger, announced earlier this week, came up.
Morgan Stanley's auto analyst asked if there might be some new synergies to be achieved with yet another of Musk's companies, SpaceX. The question seemed to more about using Tesla's low-orbit tech to assist in making Tesla vehicles increasingly autonomous, but Musk interpreted the query as being about a merger with Space X.
"There's not a strong rationale to combine SpaceX and Tesla," Musk said. He called the connection between Tesla and SpaceX "quite tenuous," but he said that there was "some cooperation," but nothing that would justify a tie-up.
So there you have it. Musk has no plans to put his entire empire under the Tesla roof.
- Love in the time of elections: Do politics spice up or spoil dating in India?
- Samsung Galaxy S24 Plus review – the best smartphone in the S24 lineup
- Household savings dip over Rs 9 lakh cr in 3 years to Rs 14.16 lakh cr in 2022-23
- Misleading ads: SC says public figures must act with responsibility while endorsing products
- Here’s what falling inside a black hole would look like, according to a NASA supercomputer simulation
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market