Summary
- Nathan Johnson, the Texas attorney general-elect, said any potential merger between Tesla and SpaceX would face strict scrutiny.
- Johnson said the deal would require a thorough review because it could lead to an excessive concentration of corporate power and have a significant impact on the market.
- CEO Elon Musk said last month that Tesla and SpaceX had each formed a special committee of independent directors to review a possible merger, though specific terms have yet to be finalized.
Forecast Trend Report by Period
Texas Attorney General-elect Nathan Johnson plans to subject any potential merger between Elon Musk-led Tesla and SpaceX to strict scrutiny, ODaily reported on November 13.
Johnson said a merger between Tesla and SpaceX could result in an excessive concentration of corporate power. He added that any deal with the potential to significantly affect the market should undergo a thorough review.
Musk said last month that Tesla and SpaceX had each set up a special committee of independent directors to examine the possibility of a merger. Specific terms and a final decision have not been determined.
Johnson won the Texas attorney general race in the November 3 midterm elections.
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