Elon Musk denies that Tesla is preparing to spin off its China operations to enable a merger with SpaceX and calls the coverage false and misleading.The Wall Street Journal reports advisers considered options such as spinning off, selling or closing the Gigafactory Shanghai, but Tesla says no such plan is underway and SpaceX executives say no merger talks are active.JPMorgan analysts warn that
SpaceX’s defense contracts in the US and
Tesla’s locally integrated supply chain in
China would present steep regulatory and practical obstacles to any merger.