A merger between Tesla (TSLA) and SpaceX (SPCX) could be announced before Tesla's annual shareholder meeting, which Barclays expects to be held by Dec. 6, Bloomberg reported Wednesday, citing a note from analysts led by Dan Levy.
Barclays said the main potential benefit would be integrating the companies' artificial intelligence technologies, while shareholder approval would be a key hurdle, Bloomberg reported.
The analysts said an announcement delayed until November could complicate approval at the annual meeting.
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