Musk needs 50% of Tesla's shares, and he cannot be in the room | The 8:30

Elon Musk told SpaceX's earnings call that both boards have formed special committees of independent directors to review a merger, that he is a conflicted party and cannot sit in the discussions, and that anyone assuming a deal is a certainty "would be overstating it." Jake Conley's point is that the hard part is not price, it is control: a tie-up needs approval from 50% of all Tesla shares, and holders have to decide how much voting power one person ends up with. Then the quarter that makes the case, with SpaceX's Super Intelligence revenue at $7.6 billion, up 830% and now larger than Starlink, against $19.6 billion of capital spending the company says it will double. Featuring Jake Conley, Breaking Business News Reporter, Yahoo Finance Julie Hyman, Host, Yahoo Finance Pras Subramanian, Senior Autos Reporter, Yahoo Finance Elon Musk, Chief Executive Officer, SpaceX Watch the full episode of The 8:30: https://youtu.be/PLACEHOLDER-REPLACE-BEFORE-POSTING Timestamps 0:00 Musk: "Tap dancing through a minefield" 0:20 Why he is recused from the committees 0:30 Calling a deal a certainty would be overstating it 0:53 The bar is 50% of all Tesla shares 1:50 Different industries, and the regulatory question 2:17 Recusing from the discussion is not recusing from the vote 2:38 The higher bar is the Tesla shareholders 3:08 What he said last quarter, and what changed 3:21 A shockingly good quarter 3:37 Doubling the power target 4:17 $19.6 billion spent, and doubling it again 4:41 AI revenue up 830% in a year 5:13 The exit-2027 run rate nobody quite believes 6:09 The bull case, and what SpaceX still has to prove #SpaceX #Tesla #ElonMusk #The830 #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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