Tesla Shares Rise as Bloomberg Reports Progress in SpaceX Merger Talks
Tesla shares rose as much as 1.9% to $398.35 Thursday after reports that merger negotiations with SpaceX are progressing. The stock remains down 11% year to date.
Story updates
09:09:02 PM UTC
SquawkNews
The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Thursday:** SpaceX NASDAQ:SPCX and Tesla NASDAQ:TSLA are progressing in their merger negotiations and a deal could be announced as early as December, Bloomberg News reported, citing people familiar with the matter…