Breakingviews - Tesla China sale looks best on paper

Tesla’s $1.2 trillion-scale EV business in China may be headed for a separation as executives weigh options such as a spinoff, sale or closure, Reuters Breakingviews reports. The context is a reported push by Tesla advisers to prepare for a possible merger involving SpaceX, while staying in a complicated geopolitical environment. The analysis notes that a buyer could demand a large discount if Elon Musk, robots and robotaxis aren’t part of the deal. Tesla’s China revenue was $4.7 billion in April-June, about 17% of total $28 billion quarterly revenue. Its Shanghai plant is its largest, with capacity over 950,000 cars a year.