> There's no question that there are synergies between Tesla and SpaceX in our futures," she said. "There's a convergence of what we're all trying to accomplish in the future."
So now that Tesla is clearly crashing, fold it into the more successful SpaceX and get to roll the dice again?
Classic Elon. This is the same thing that he did to rescue a failing Solar City by making it part of Tesla.
It takes a lot to get where Elon is. But it also takes a willingness to double down over and over again on big bets. And he himself will be the first to admit that the most likely outcome of his strategy was bankruptcy.
This has been the plan all along. Tesla is the only one of any of these companies who makes money (but dwindling) and by getting Elon majority shares of SpaceX, he can then gain majority control of Tesla.
On the one hand, there's definitely some overlap between Tesla and SpaceX. Optimus, FSD, xAI, Orbital AI, Tesla Solar, Terafab, and so on. It genuinely does make sense.
On the other hand, large part of it is probably securing control of the company with super voting stocks.
This is all because Musk doesn’t want to have two different corporate email addresses. The corporate synergies are secondary to the convenience of checking just one mailbox.
The Tesla/SpaceX merger rumors feel like classic cope created by Tesla bagholders who feel they are missing out on the SpaceX IPO.
Let’s be real: Elon has mentally checked out of Tesla. His heart and focus is at SpaceX, and long time Tesla holders have watched this slow-motion abandonment happen over the past few years. Just look at the lack of projects/innovation coming out of Tesla, and compare that to what's happening at SpaceX. Innovation has slowed to a crawl at Tesla. Tesla shareholders desperately want in on Elon's next project, and the only way they can protect their investment is if SpaceX buys them out.
It would be like Samsung: Samsung does semiconductors, smartphones, displays, TVs, appliances, batteries, shipbuilding, construction, insurance, hotels, and even theme parks.
If they would to merge, Elon would have total control over this new entity (> 50%). Why would Tesla shareholders vote to relinquish their rights? I've been listening to some of the _Tesla cultist_ - as I call them - and they are open and excited about merging with SpaceX for one reason only: they want to keep Elon happy. Jfc.
A nice tidbit from the article, for people who think that Tesla Cybertrucks are actually selling decently well:
> SpaceX spent $131 million on Cybertrucks in 2025, according to SpaceX's IPO filing.
Per their numbers (20k cars sold in 2025) and the list price (70-100k), this means that almost 10% of all Cybertrucks sold by Tesla in 2025 were bought by another Elon Musk company.
Know how they grew Xai and built the data centers so fast? They rerouted Tesla chip orders. That business was supposed to be built inside of Tesla, but it was extracted. Tesla still needs it.
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[ 2.8 ms ] story [ 50.7 ms ] threadAccomplish a ludicrous valuation above all else?
https://news.ycombinator.com/item?id=46863028
Classic Elon. This is the same thing that he did to rescue a failing Solar City by making it part of Tesla.
It takes a lot to get where Elon is. But it also takes a willingness to double down over and over again on big bets. And he himself will be the first to admit that the most likely outcome of his strategy was bankruptcy.
Also, so Elon can raid the company treasury.
On the other hand, large part of it is probably securing control of the company with super voting stocks.
Let’s be real: Elon has mentally checked out of Tesla. His heart and focus is at SpaceX, and long time Tesla holders have watched this slow-motion abandonment happen over the past few years. Just look at the lack of projects/innovation coming out of Tesla, and compare that to what's happening at SpaceX. Innovation has slowed to a crawl at Tesla. Tesla shareholders desperately want in on Elon's next project, and the only way they can protect their investment is if SpaceX buys them out.
> SpaceX spent $131 million on Cybertrucks in 2025, according to SpaceX's IPO filing.
Per their numbers (20k cars sold in 2025) and the list price (70-100k), this means that almost 10% of all Cybertrucks sold by Tesla in 2025 were bought by another Elon Musk company.