Musk Denies Tesla China Sale Rumors

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Source: Dukascopy Bank SA
Elon Musk has dismissed Wall Street Journal reports claiming Tesla is preparing to spin off or sell its China business ahead of a potential merger with SpaceX, calling the claims "absurdly fake news". 

Shanghai Gigafactory which produces over 950,000 vehicles annually would ease geopolitical and national security hurdles for a SpaceX combination. However, Musk's flat denial shuts down rumors of an imminent structural split, reassuring investors of China's ongoing role as Tesla's main export center.
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