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A Tesla/SpaceX Merger Could Create a Big Mess in China: TDS
['Adam Ismail', 'Senior Editor', 'Jerry Perez', 'Caleb Jacobs']
The Drive
Welcome to The Downshift, or TDS for short, The Drive’s morning news roundup bringing you the biggest automotive headlines from around the world.
✂️ Tesla has reportedly considered selling off its business in China because of the possibility of a merger between the EV maker and SpaceX.
The latter’s military contracts mean that uniting the two companies, when one is significantly active in China, could lead to regulatory repercussions.
For their part, both Tesla China and CEO Elon Musk have dismissed the report.
[Wall Street Journal, CarNewsChina]📈 Rivian just enjoyed a very solid second quarter, with revenue increasing 27% year-over-year as it outperformed Wall Street estimates.