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The Vote Math: A Majority of Every Outstanding Tesla Share, a $550 Price Tag, and a Ratio Nobody Has Negotiated
Musk's own bar for a Tesla–SpaceX merger is a majority of all outstanding Tesla shares — not of votes cast — so every uncast ballot counts against. Analysts are pricing the deal anyway: Dan Ives puts approval at roughly $550 a share, Gene Munster gives 95% odds within two years, and the modeled exchange ratios cluster around 0.6–0.7. No ratio has been negotiated, and the companies have published none of the three numbers.