Tesla stock jumps on SpaceX merger chatter as EV stocks brace for Monday
Tesla rose 3.3% to $430.41 Friday, outpacing other EV stocks as rumors swirled of possible mergers involving SpaceX, xAI, and Tesla. Reuters reported SpaceX is in talks to merge with xAI ahead of a potential IPO, with filings showing new Nevada entities set up for the deal. Rivian, Lucid, and Nio all fell as the broader market declined. Markets are closed until Monday.