Tesla Slides as Musk Stays Silent on SpaceX Merger Buzz
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Tesla's stock declined after CEO Elon Musk provided no new information on a potential merger with SpaceX, a topic that has dominated investor discussions in recent sessions.
Market skepticism is building, with several analysts cautioning that combining the two entities carries significant structural and governance risks that could outweigh any synergy narrative.
Meanwhile, strategists at JPMorgan argue hedge fund positioning has already eased from its September peak, suggesting the broader equity pullback tied to these industry-specific jitters may be nearing exhaustion.