Elon Musk's push for Tesla and SpaceX merger and potential S&P 500 inclusion
TSLA Tesla Inc
$390.22 -1.82%
View chart & analysis → - 1Elon Musk requested the board to review an idea to merge the two companies he operates last month.
- 2Tesla has recorded a 13% decline in its stock price this year and is trading at a multiple of 180 times its expected earnings.
- 3If a merged company is created, demand of approximately $100 billion could arise from index funds.
So what's the key point?
Elon Musk has requested a review of a plan to merge Tesla and SpaceX into one company. If the merger occurs, about $100 billion in funds could flow in from index funds.
Source Bloomberg · View original ↗
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