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News about merger: events, facts and developments on tafs uz.

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Technology

Anadolu: A Tesla–SpaceX merger could accelerate Musk's ambitions, but benefits may also come through cooperation

The outlet Anadolu published an analysis of the possible consequences of a hypothetical Tesla–SpaceX merger. According to University of Birmingham professor David Bailey, combining battery technologies, robotics and space developments could advance Elon Musk's ambitions, yet many of the benefits could be achieved without a merger — through cooperation between the companies.

Javlon Tursunov
1 min read
Economy

Tesla profit falls 43% amid AI spending; companies explore possible merger with SpaceX

Tesla reported a decline in net profit for the third quarter to $787 million due to rising spending on AI, robotics and autonomous transport. Revenue remained almost unchanged at $28 billion. Meanwhile, Elon Musk said Tesla and SpaceX have formed committees of independent directors to explore a possible merger; deal terms have not been agreed and there is no guarantee it will happen.

Javlon Tursunov
3 min read
Economy

Elon Musk confirmed he is considering a Tesla and SpaceX merger

Elon Musk said he considers a merger of Tesla and SpaceX 'a good idea.' At both companies, special committees of independent directors have been created at shareholders' request to study the deal. The statement came after SpaceX's first quarterly report as a public company: net profit was $4.4 billion. The deal is not a foregone conclusion and will require shareholder approval. Elon Musk has said he considers a merger of Tesla and SpaceX “a good idea.” At the request of shareholders, special committees of independent directors have been set up at both companies to examine the deal. The statement came after SpaceX's first quarterly report as a public company: net profit was $4.4 billion. The deal is not predetermined and will require shareholder approval.

Javlon Tursunov
5 min read