SpaceX and Tesla — a Strange, But Certain, Merger

One rationale for merging SpaceX with Tesla is that the ever-busy Elon Musk could do just one earnings call per quarter instead of two. Hardly decisive, perhaps, but the conceit of prioritizing his preferences is salient enough. Talk of combining Space Exploration Technologies Corp. with Tesla Inc. overshadowed the quarterly calls of both companies this week. The results, however, illustrated just how odd this merger would be.