Tesla and SpaceX have each set up special committees to examine a potential merger, Elon Musk disclosed during SpaceX’s third‑quarter earnings call on Tuesday. Musk, who leads both companies as chief executive, said the committees were created at the urging of shareholders and are composed of independent directors, though he did not identify any members. He added that he does not sit on either committee and is not taking part in the deliberations.
“Because I’m a conflicted party, I can’t actually be in the discussions of the special committees,” Musk explained. “So it’s an odd kabuki dance where two groups of people are talking and I can’t be in the conversation.”