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Tesla reportedly might sell its China business ahead of a SpaceX merger
techcrunch.com • • business
Key Points:
- Tesla is reportedly considering separating its entire China business through a spinoff, sale, or closure to facilitate a potential merger with SpaceX, according to the Wall Street Journal.
- Some Tesla executives have been instructed to prepare for this separation, a process that could be expedited due to prior contingency planning related to a possible Beijing invasion of Taiwan.
- The separation would help integrate Tesla with SpaceX, a defense contractor subject to strict citizenship and national security regulations.
- China represents a significant portion of Tesla’s operations, serving as both a major market and a key production hub for Asia and Europe, making this move a substantial concession.
