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Tesla Reportedly Planning China Split for SpaceX Merger
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Tesla reportedly plans to split its China business ahead of a merger with SpaceX, causing TSLA stock to jump overnight.
The China carveout could reduce regulatory complications related to SpaceX's U.S. defense work and possible Beijing scrutiny.
Retail traders float a $450 buyout scenario for the merged entity.
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Rajeev Chandrasekhar / Jupiter Capital interests historically