Musk says Tesla and SpaceX have 'more and more overlap' but no merger talk

On the Q2 2026 call Musk said there was 'more and more overlap' between Tesla and SpaceX, but that combining the companies could not be discussed on the call and needed an appropriate process. Neither company confirmed a merger plan. Tesla's general counsel pointed to the existing xAI investment and framework agreement as the basis for collaboration.

• Musk: 'there's more and more overlap' between Tesla and SpaceX
• Musk: combining companies 'got to be done with the appropriate process'
• Neither company confirmed a merger plan
• General counsel cited the xAI investment and framework agreement