Tesla Inc. Merger "Absolutely Inevitable," Says SpaceX Early Investor

The merger of electric vehicle giant Tesla Inc. is absolutely inevitable, and it is merely a matter of time. This was stated on Wednesday by Peter Diamandis, an early investor in SpaceX, in an interview with Bloomberg Television. According to his assessment: "The question is not whether this will happen, but when these two companies will unite." According to Diamandis, who is also the founder of the XPrize Foundation and host of a podcast, a similar deal is entirely logical. First, it would give Elon Musk the so-called "super voting rights" in the merged company. Although Musk enjoys a similar privilege at SpaceX (where he had 85.1% control before the company's initial public offering, or IPO), he lacks such rights at publicly traded Tesla.

Moreover, the merger of the companies would give Musk the opportunity to manage the entire infrastructure jointly and efficiently. This system includes both the Cybercab robotaxi fleet and Tesla's computing and energy capabilities. According to Diamandis, this step would ultimately create a unified "global infrastructure both on Earth and in space."

It is worth noting that Elon Musk conducted negotiations regarding this transaction even before the merger of SpaceX and xAI, which Bloomberg reported on in January. Diamandis himself, who invested in SpaceX in the late 2000s and founded numerous companies, discussed this topic with Musk personally in January and March. A report published by CNBC on Tuesday also confirms that employees of both firms regularly and openly discuss the possible merger in internal conversations.

Source: Reuters