QUICK SPARK: Tesla Stock Has Best 5-Day Rally in Over a Year as Elon Musk Pushes for SpaceX Merger by December
benzinga_article·
- Tesla Inc. and SpaceX are reportedly negotiating a potential corporate merger that could be announced as early as December.
- Elon Musk is pushing for the deal around Tesla's December 3 annual shareholder meeting, though timing may shift into early 2027.
- Driven by the merger talks, Tesla shares rose 2% to $398.75, achieving a 16% five-session gain and adding about $218 billion in market value.
