That logic, and Musks dominant role at both companies, creates a potential conflict of interest because it would advantage the likely acquirer, SpaceX — where Musk has far greater control and now derives the vast majority of his net worth — if Tesla became relatively cheaper.

SpaceX shares surged early on Tuesday as investors bet on Elon Musk's sprawling empire that spans rockets to AI, even though the stock carries a higher valuation than the other…

That logic, and Musks dominant role at both companies, creates a potential conflict of interest because it would advantage the likely acquirer, SpaceX — where Musk has far greater…