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News 2026-10-01 04:40 UTC

Tesla, SpaceX Rise as Wood Cites Musk's Efforts Amid China Hurdles

Tesla (TSLA) and SpaceX (SPCX) shares advanced Wednesday after ARK Invest CEO Cathie Wood stated that Elon Musk is actively engaging with both U.S. President Donald Trump and Chinese President Xi Jinping. Wood highlighted China as a significant obstacle to a potential merger.