Elon Musk denies Tesla China sale report, calls it 'fake news'

Elon Musk has vehemently denied a Wall Street Journal report that suggested Tesla executives were being prepared to separate the company's China operations for a potential merger with SpaceX. Musk dismissed the story directly on X, calling it "fake news" and "absurdly false." Tesla China also issued a statement to The Paper, labeling the report as "false information." The original Wall Street Journal article, citing sources familiar with the matter, had indicated that advisors had discussed various options for separating Tesla's China business, including spinning it off, selling it, or closing it down. The report also noted that it was unclear how quickly such a separation could occur and that plans could change. Speculation about a potential merger between Tesla and SpaceX has been growing, fueled by increasing technological overlap between the two companies, particularly in artificial intelligence and manufacturing. Musk himself has previously fueled these discussions during Tesla's quarterly earnings calls, highlighting the growing synergy between the electric vehicle maker and the space exploration company. The Shanghai Gigafactory remains a crucial production hub for Tesla, serving as a key export base for Europe, Canada, and the Asia-Pacific region. China itself represents Tesla's second-largest market globally, trailing only the United States.

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This is fake news