The NYT reported this morning that the merger would create a $3T company.
Elon's MO is to continually bury his poor performing companies in newer sexier corporations. xAI lost $7.8B in cash in the last year alone; Twitter has been a bust for years. They both got tucked into SpaceX. Now Tesla--which hasn't delivered this few cars since the pandemic, even if the market doesn't seem to care yet-- is going to get to obscure its poor performance by becoming part of this year's shiny pretty flavor of the week (year).