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Elon Musk Negates Rumors of Tesla Demerging CN Business, Praises CN as Awesome
12 Aug 2026 10:58
Tesla, Inc. (TSLA.US) is evaluating strategic options to spin off its Shanghai operations amid concerns that it could affect a merger with SpaceX (SPCX.US), reports suggested.

Elon Musk strongly dismissed the report, saying the matter had never been discussed. He also described China as awesome and encouraged people to visit the country.

As SpaceX holds a large number of US government and national security contracts, a merger with Tesla could raise scrutiny over how Tesla's manufacturing and commercial interests in China would coexist with SpaceX's sensitive US businesses.
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