6,493 Tesla Shareholders Urge Board to Fast-Track SpaceX Merger

A group of retail Tesla shareholders is urging the board and the special committee weighing a SpaceX merger to close a deal as soon as possible. According to its organizers, 6,493 signers holding more than 17.5 million shares joined in under 48 hours. The letter, signed by Alexandra Merz and Amy Steffens, asks that a combination go to a vote “as soon as the terms are negotiated and documented,” and will go to the board on Monday, October 26. The letter argues that Tesla needs chips and capital, and that SpaceX needs Megapacks for Colossus.…

• 6,493 signers with 17,528,859 shares; Steffens values the stake at $6.5 billion.
• Signing closes Sunday, October 25; the board receives the letter Monday, October 26.
• Signers hold a small fraction of Tesla's more than 3 billion outstanding shares.

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