Elon Musk says if Tesla goes private it will not merge with SpaceX (TSLA)
Jae C. Hong/Associated Press
- On Tuesday, Tesla CEO Elon Musk expressed his desire to take the company private.
- But he said that, if Tesla does go private, it will not merge with SpaceX, Musk's space exploration company.
- The companies have worked together in the past, according to a Bloomberg report from September.
- And they will collaborate on an upgrade package for Tesla's upcoming Roadster sports car, which Musk has said will include around 10 small rocket thrusters that will improve the vehicle's acceleration, maximum speed, braking, and handling.
On Tuesday, Tesla CEO Elon Musk expressed his desire to take the company private. But he said that, if Tesla does go private, it will not merge with SpaceX, Musk's space exploration company.
"The intention is not to merge SpaceX and Tesla. They would continue to have separate ownership and governance structures," he said in an email to Tesla employees.See the rest of the story at Business Insider
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SEE ALSO: Elon Musk announces proposal to take Tesla private, but says no final decision has been made