Wall St says Tesla-SpaceX deal inevitable but Musk says it’s not certain

By Akash Sriram Oct 21 (Reuters) Elon Musk sees a lot of merit in combining Tesla and SpaceX, but the decision is not his to make: two special committees he cannot join and a Tesla shareholder vote he calls a high hurdle stand in the way. That tension runs through a deal that many ​analysts call inevitable. Musk, a self-described conflicted party , said the committees are yet to agree on the terms ‌and a merger is not certain, even though Wall Street expects a deal by the end of next year. Shares of SpaceX were up 8.4%, while Tesla gained 1.5% in premarket trading. SpaceX and Tesla are jointly developing the Terafab chip plant, and AI now makes up more than half of SpaceX s revenue, with another $35 billion to $40 billion spending likely in fourth quarter to fund further expansion. I think a Tesla-SpaceX merger makes sense. ‌It s ​very strategic because both companies are rapidly transitioning into artificial intelligence and autonomous ⁠systems, and both have huge infrastructure