Elon Musk has increased his voting stake in Tesla to nearly 20% by exercising stock options, moving closer to a level that would give him significant control over the company. This comes shortly after SpaceX's historic IPO, which valued the company at about $2.44 trillion. The growing overlap in technology and resources between Tesla and SpaceX, such as AI, manufacturing, and energy, has sparked speculation about a potential merger. While no merger has been announced, Musk's consolidation strategy and increased control suggest he may be building an integrated tech empire rather than separate companies, which could reshape the market landscape.
Traders on Polymarket have significantly reduced their bets on a Tesla-SpaceX merger announcement this year, with the chance of a deal by September 30 now at 11%, down 28 points, and by December 31 at 24%, down 19 points. This decline contrasts with ...
Traders on Polymarket have sharply reduced the likelihood of a Tesla-SpaceX merger announcement in 2026, with odds dropping to 11% for a deal by September and 24% by December. This decline contrasts with bullish analyst views, such as Wedbush's Dan I...
The National Transportation Safety Board (NTSB) reported that a Tesla driver pressed the accelerator pedal to 100%, overriding the Full Self-Driving (FSD) software, before crashing into a house in Katy, Texas, killing a resident. The Tesla was travel...
Google has announced its biggest solar power and battery storage purchase, investing in a project in Arkansas that will generate enough electricity to meet about 6% of the state's peak demand. The project, developed with Cypress Creek Energy, will ad...
Deutsche Bank reaffirmed its Buy rating on Tesla stock, setting a 12-month price target of $465, implying a 17% upside. The bank highlighted Tesla's long-term growth potential driven by autonomy, robotics, and AI, despite expecting Q2 earnings per sh...
