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via benzinga.comMarkets

Tesla bulls could get burned? Gary Black sees trouble with SpaceX all-stock merger

FROM THE WIRE · BENZINGA.COM

Investor Gary Black, the co-founder of The Future Fund LLC, reiterated his criticism of and dilution concerns about a possible merger between Elon Musk-led enterprises Space Exploration Technologies Corp. (NASDAQ:SPCX) and Tesla Inc. (NASDAQ:TSLA).

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishPossible dilution for Tesla shareholders from a SpaceX merger is a relevant issue for the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Investor Gary Black reiterates criticism and dilution concerns.
  2. 02The possible merger involves Tesla and SpaceX.
  3. 03Black warns the 24% premium can quickly turn negative.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Tesla, Inc.TSLAStock385.19 USDMarket closedtoday -3.34%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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