Is Tesla Really Selling Gigafactory Shanghai? Elon Musk Says No
Elon Musk dismissed rumors that Tesla plans to promote its Gigafactory Shanghai plant, calling the claims faux information on Friday.
Musk’s denial adopted a Wall Street Journal report on a attainable break up of Tesla’s China enterprise. That report tied the transfer to a attainable merger between Tesla and SpaceX.
What Musk Is Actually Denying
The rumor started after an X person recommended on to Musk that Tesla was getting ready to dump the plant. Musk’s reply, posted early Friday morning, known as the report absurdly faux information and urged individuals to imagine breaking information is fake till confirmed in any other case.
The Journal’s report didn’t title Gigafactory Shanghai instantly. Instead, it mentioned Tesla advisers had weighed a spin-off, a sale, or a closure of the automaker’s Chinese operations, choices Musk has not addressed past his blanket denial.
Gigafactory Shanghai stays Tesla’s largest plant, with annual capability above 950,000 automobiles, and it traditionally accounts for greater than half of the corporate’s world deliveries.
Gigafactory Shanghai exports automobiles throughout Europe, Canada, and the Asia-Pacific area. However, Musk’s denial landed throughout a tough stretch for Tesla inventory, which suffered its worst week since 2022 after blended second-quarter outcomes.
Why the SpaceX Merger Talk Persists
The China enterprise rumor didn’t emerge in isolation. Wolfe Research has already framed a Tesla and SpaceX merger as a core investor thesis, a pairing Musk has by no means firmly dominated out. That view follows SpaceX’s file preliminary public providing, which raised $75 billion in June and valued the rocket firm at $1.75 trillion.
Musk has individually argued that SpaceX could outvalue Earth itself. That declare underscores how central the rocket firm has turn out to be to his broader ambitions. Ark Invest’s Cathie Wood disclosed a $529 million rotation from Tesla into SpaceX shares this month, citing comparable merger logic.
Musk additionally has a observe file of terse denials shifting markets. He used a similar two-word denial to knock down one other SpaceX rumor simply weeks earlier. That sample is why commentators like Whole Mars Catalog urged retailers to not delete their posts after a denial. Keeping the unique put up seen, they argued, helps the general public observe precisely what Musk is rejecting.
Tesla’s second-quarter earnings confirmed income climbing to $28.24 billion, at the same time as margins narrowed to 16.8%. That hole provides monetary stress that might gasoline extra reorganization hypothesis no matter Musk’s denial. For now, his put up stands as the one official phrase from both firm, and buyers will doubtless preserve testing that line as merger chatter builds by means of the remainder of 2026.
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