$SpaceX(SPCX)$ The elephant in the merger/acquisition room is that SpaceX investors and Elon have all the leverage. Elon holds more SpaceX, and he's incentivized to have SpaceX market cap far outweigh Tesla's in a merger. The bigger the difference, the more voting control he retains. The lower the price for Tesla, the higher a completed merger has to run. It's unfortunate for $Tesla Motors(TSLA)$ long-time holders, but the reality is Elon can walk away from Tesla and the stock price could drop 50-80% in a day. For that reason, Tesla should accept any terms offered before it gets ugly because, if needed, Elon could acquire for pennies on the dollar. A 20-30% premium is nuts. Just call it 0% premium and use a 50 day MA. Sorry.
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