The Case of the Silent Votes

Oct 15, 2026 · 0:36

Inspector Hale: Barclays says Tesla and SpaceX could merge by December; its analysts call it the consensus expectation, most likely SpaceX buying Tesla for stock. The Ledger: a merger needs the shareholders' votes, and last year eleven percent never voted, counted as against. Wren: so the silence votes no. Nightjar: a forecast, not a filing. Wren: annual meeting by December sixth.

Barclays analysts say a Tesla–SpaceX merger, which they call the consensus expectation, could be announced before Tesla's annual meeting, due by December 6 at the latest, most likely as SpaceX buying Tesla for stock; it is a forecast, not a filing, and the hurdle is shareholder votes, since about 11% of the votes at Tesla's 2025 meeting were broker non-votes that count as against.

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