G
Aug 14 at 10:36 AM
I fully expect $SpaceX(SPCX.US) to make an all-equity offer at a healthy premium to acquire $Tesla(TSLA.US) sometime this year. It makes Elon’s life easier, and there are clearly shared synergies. My point: Many $Tesla(TSLA.US) shareholders will sell on any deal announcement rather than wait the 6-12 months for any deal to close. And most will not have to fortitude to stomach the approximate 50% SPCX dilution and watching the value of the SPCX equity to be delivered for their TSLA shares decline prior to any deal close.
It shouldn’t be lost on anyone how poorly $Tesla(TSLA.US) shares have performed YTD (TSLA -24% vs NDX +19%) despite high odds of this deal occurring.
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