Gene Munster Raises Odds of Tesla-SpaceX Tie-Up After Elon Musk Says 'There's More and More Overlap' - Te

Elon Musk hints at Tesla (TSLA)-SpaceX merger on earnings call

Musk hinted at Tesla-SpaceX merger during Q2, citing overlaps (Grok, Starlink, Terafab); framework agreement and $2B stake already tie the companies. A deal would entrench Musk's control; 68% of Q2 profit came from SpaceX paper gains, not operations—raising governance concerns for Tesla shareholders.