Elon Musk has publicly rejected claims that Tesla is considering selling its China business to facilitate a merger with SpaceX. This denial follows a report suggesting such a transaction was under consideration, fueling market speculation. The Shanghai factory, a major hub for Tesla’s global manufacturing output, gives significant strategic importance to this potential deal. The implied probability of a Tesla-SpaceX merger by year-end currently stands at 25.5%, reflecting a moderate market adjustment following Musk’s statements. The market now views such a merger as less likely, with future communications from both companies expected to influence these expectations.
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