Tesla (TSLA) is one stock that remains in the spotlight every week. After missing on second-quarter earnings, Tesla is now reportedly considering selling or spinning off its China business to clear a potential path toward a merger with **** eX (SPCX), according to a report from The Wall Street Journal. CEO Elon Musk has dismissed the report as "absurdly fake news." Still, the speculation raises an important question for Tesla investors: What would happen to TSLA stock if the company actually separated its China operations?
The idea is tied to national security concerns surrounding **** eX's U.S. government and defense contracts. Separating Tesla's China business could theoretically make a combination easier from a regulatory standpoint. Reuters also notes that Tesla's China operations could be difficult to separate given the importance of the company's Shanghai factory to global production.
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#tesla #selling
The idea is tied to national security concerns surrounding **** eX's U.S. government and defense contracts. Separating Tesla's China business could theoretically make a combination easier from a regulatory standpoint. Reuters also notes that Tesla's China operations could be difficult to separate given the importance of the company's Shanghai factory to global production.
Jeff Bezos Says He's Selling $1 Billion In Amazon Stock Every Year to Fund Blue Origin — 'It's The Most Important Work I'm Doing'
Apple's New CEO Is Bringing a Familiar Face Back From Retirement. The Shift Is Happening.
Nasdaq Futures Climb as Tech Rally Continues on Palantir Boost, U.S. JOLTS Report and **** eX Earnings on Tap
#tesla #selling
11 days ago
