Tesla jumps on SpaceX merger chatter, market shrugs off Musk cash ties
Tesla Inc traded up before the U.S. open Tuesday, with investors talking up the chance Elon Musk could merge the company with Space Exploration Technologies Corp, also called SpaceX. A Futu market note on July 6 said Tesla’s rally stretched to 5% on bigger merger chatter. The latest quote had shares at $419.77, up 6.65%.