Tesla and SpaceX Could Become Elon’s Mega Bet

Elon Musk may be looking to bring Tesla and SpaceX closer together, but a potential deal could raise major questions about China, defense contracts, corporate control, and just how much value is tied to Musk himself.Chuck Zodda and Mike Armstrong discuss reports that Tesla may sell its China business to clear the way for a potential SpaceX merger, why the combined company could resemble a Korean-style industrial conglomerate, and why Tesla and SpaceX may be more dependent on one person than any other major companies in the market. They also break down rising bond yields, climbing mortgage rates, Big Oil’s surge in profits, and why capping oil company profits is not as simple as it sounds. Plus, they look at the Goldilocks inflation narrative, the wild surprises that shaped markets this week, the Strait of Hormuz autocorrect that stole the show, and why some drivers are going to extremes to avoid new car technology.