Tesla and SpaceX Boards Reportedly Form Merger Committees to Evaluate Potential Combination

Teslarati says a Tesla retail shareholder letter backing a SpaceX merger is headed to Tesla’s board, with 9,697 signers representing 25.7 million shares in just over two days; 76% of signers own both stocks. A shareholder advocating for the merger says special committees have formed but cites Elon Musk as saying a deal is not a given. Teslarati says Musk described a deal as needing support from 50% of all Tesla shares.