Tesla profitability worsens, merger with SpaceX more likely

Tesla's Q2 results show worsening profitability despite higher revenue, leading to a 12% stock decline and delays in the mass production of its Cybercab, Semi, and Megapack 3. Amid these challenges and rising competition, CEO Elon Musk has publicly raised the possibility of a merger with SpaceX, citing increasing overlaps in their business areas.

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