DFM ---ADX ---
1hUAE Fuel Prices Rise for August 2026: What Motorists Should ExpectBusiness
3hCBI Reports Strong 68% Profit Surge in First Half of 2026Business
3he& Reports Strong H1 2026 Growth as Subscriber Numbers SurgeBusiness
3hTecom Group Experiences Strong Growth in First Half of 2026Business
3hSharjah Airport Authority Recognizes Contributors to 'Because We Care' InitiativeBusiness
3hIndia's Gold Import Tax Hike Fuels Smuggling SurgeBusiness
3hUAE fuel prices for August 2026: What you need to knowBusiness
3hSharjah Empowers Women Entrepreneurs with New E-Commerce InitiativeBusiness
3hElon Musk Rejects Rumors of Tesla China Business SaleBusiness
3hUncertainty Clouds Markets After Federal Reserve’s Hawkish HoldBusiness
10hMashreq Records Strong H1 2026 Growth Amid Regional Economic ResilienceBusiness
21hEA FC 27 Gameplay Reveal: Major Shifts and New MechanicsBusinessTechnology
1dUAE Capital Market Authority Eliminates 15 Fees to Boost Market EfficiencyBusiness
1dGold Market Trends: Why Investors Are Choosing Bars Over JewelleryBusiness
1dGCC Faces Massive Debt Maturity Peak Approaching 2029Business
1dFlydubai Expands Italian Routes with Increased Service to Naples and MilanBusiness
1dAI Infrastructure Overtakes E-commerce as the New Driver of Asian Air CargoBusiness
1dThe Evolution of Wealth Management: How AI is Reshaping UAE Financial HabitsBusiness
1dHow Solar Energy Can Slash Costs for GCC Mega-ProjectsBusiness
1dWaha Capital Posts Strong 62% Profit Growth in H1 2026Business
1dUAE Keeps Interest Rates Steady Following Federal Reserve MoveBusiness
1dResponse Plus Holding Sees Profits Soar Amid Regional ExpansionBusiness
1dADIB Hits Major Milestone as Half-Year Profits Climb 8%Business
1dIndian Oil Corp Eyes Stake in Gas Carriers to Boost US LPG ImportsBusiness
1dBeyond Blockchain: Why Governance Holds the Key to DAO SuccessBusiness

Elon Musk Rejects Rumors of Tesla China Business Sale

Fri, Jul 31, 2026(3h ago)Business

Elon Musk has publicly slammed recent media reports suggesting that Tesla is preparing to spin off or sell its Chinese operations as "absurdly fake news." The claims, which originated from a Wall Street Journal report, alleged that Tesla executives were exploring structural changes to separate the firm's China business, potentially as a precursor to a merger with SpaceX. Musk took to his social media platform, X, to categorically deny these rumors, stating that such a move has never been part of any internal discussions.

The speculation surrounding a potential combination of Tesla and SpaceX has persisted for years, fueled in part by the companies' increasing technological overlap and comments from SpaceX leadership regarding management efficiency. However, experts remain skeptical, noting that a merger would face massive regulatory and geopolitical hurdles. Given that SpaceX functions as a major U.S. defense contractor, merging with Tesla—which operates a massive, wholly-owned Gigafactory in Shanghai—would create complex national security concerns, particularly in the current climate of U.S.-China tensions. For now, the Shanghai facility remains a critical pillar of Tesla’s global supply chain, serving as a vital export hub and a cornerstone of the company’s manufacturing strategy.

Comments0
No comments yet. Be the first to share your thoughts.