Tesla CEO Elon Musk has publicly rejected a media report suggesting the EV giant is preparing to divest its Chinese operations to facilitate a potential merger with SpaceX. The tech tycoon called the report “fake news.”
The Wall Street Journal reported Thursday evening that Tesla executives had been instructed to develop plans for either selling or spinning off the company’s China operations. According to the report, this move would aim to reduce regulatory roadblocks associated with combining Tesla with SpaceX, a megamerger that has been rumored since SpaceX went public.
Tesla’s extensive Chinese operations include a significant electric vehicle manufacturing plant and a battery-packaging Megapack factory. These facilities present multiple...
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