TESLA WEIGHS SALE OF CHINA BUSINESS TO PAVE WAY FOR POTENTIAL SPACEX MERGER

Summary from the TLDR newsletter

Tesla executives have been told to prepare for a separation of the China business ahead of a potential merger. The company's advisers have discussed possible options for a separation, including a spinoff, sale, or closure. Tesla's Chinese business is designed to be easily separated from its US business because of geopolitical tensions. Separating the company's China operations would address potential conflicts that may arise from SpaceX's work as a major US defense contractor.