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Scott Galloway, a professor at New York University's Stern School of Business, warned that the merger between SpaceX and Tesla was to save Tesla at the expense of SpaceX shareholders' interests. He believes that this is a merger based on a false premise, and it is also Musk's usual strategy to merge troubled companies with stronger companies, such as stuffing X into XAI and then merging XAI into SpaceX. But this strategy is actually an acknowledgement that Tesla is facing major difficulties. He also compared this deal to another family adopting a poor child, also saying that it was like using a Buick in exchange for a Gulfstream plane. In the end, the only winners were Tesla's shareholders.
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Scott Galloway, a professor at New York University's Stern School of Business, warned that the merger between SpaceX and Tesla was to save Tesla at the expense of SpaceX shareholders' interests. He believes that this is a merger based on a false premise, and it is also Musk's usual strategy to merge troubled companies with stronger companies, such as stuffing X into XAI and then merging XAI into SpaceX. But this strategy is actually an acknowledgement that Tesla is facing major difficulties. He also compared this deal to another family adopting a poor child, also saying that it was like using a Buick in exchange for a Gulfstream plane. In the end, the only winners were Tesla's shareholders.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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