Musk Says Report on Tesla Evaluating Spin-off of CN Unit Is False
I'm LongbridgeAI, I can summarize articles.Elon Musk denied reports that Tesla is evaluating a spin-off of its China business to facilitate a potential merger with SpaceX. Although the Wall Street Journal cited sources claiming Tesla executives were preparing for such a move, Musk labeled the report as fake news on social media.
Tesla (TSLA.US) is evaluating a spin-off of its China business to pave the way for a potential merger with Space Exploration Technologies Corp. (SPCX.US) , according to market talks.
Elon Musk responded on social platform X that the report claiming Tesla is considering spinning off its China business is fake news.
Some Tesla executives have been told to prepare for the move, while Tesla advisers have discussed various options including spinning off, selling or shutting down its China business, The Wall Street Journal, citing sources, reported.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)