Tesla and SpaceX have formed special committees to discuss a possible merger, Elon Musk said during the latter's third quarter earnings call Tuesday.
Musk, who serves as CEO of both companies, said the special committees were formed at the request of shareholders and consist of independent directors (though he did not name them). He also noted that he is not a member of either committee, nor involved in any of the discussions.
"Because I'm a conflicted party, I can't actually be in the discussions of the special committees," Musk said. "So it's an odd kabuki dance where two groups of people are talking and I can't be in the conversation. …
