Musk’s Public Support May Delay Tesla-SpaceX Merger Talks by Weeks
Photo: TokenPost
Elon Musk’s public support for a potential Tesla-SpaceX combination may delay negotiations by several weeks as conflict-of-interest concerns draw greater attention from Tesla shareholders and prolong legal review. Some participants in the discussions are concerned that Musk’s endorsement could sharpen shareholder scrutiny of conflicts tied to his leadership and ownership in both companies. The deal remains at an early stage. On Tuesday, Musk said Tesla and SpaceX had formed special committees to assess the combination. He also said he would stay out of the discussions because of his conflict of interest.
Source: TokenPost
