Why a Tesla–SpaceX merger might actually not be 'so easy'

RBC Capital Markets lead equity analyst for global autos, Tom Narayan, sits down with Yahoo Finance Senior Business Reporter Ines Ferré to share his thoughts on a potential merger between Tesla (TSLA) and SpaceX (SPCX). Video Transcript 00:00 Speaker A In a scenario where Tesla and SpaceX do merge, what does that merger look like exactly? 00:09 Speaker B Yeah, this is the question I've been answering all day. Um, it's not so easy, okay? Basically, SpaceX would have to acquire Tesla. 00:23 Speaker B And we think it'll be an all stock deal. And remember, you know, uh, Elon Musk controls SpaceX, 85% voting. He does not control Tesla, right? It's a 20%. 00:39 Speaker B So there would have to be a pretty strong premium, uh, in order to acquire Tesla.