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Story summary
- Elon Musk called a report that Tesla is preparing to split its China business “fake news” on X.
- The Journal said Tesla executives have been instructed to plan a spin-off, sale or closure of the China operation.
- JPMorgan analysts warned that a Tesla-SpaceX merger would encounter Chinese national-security and regulatory hurdles.
- China-made Model 3 and Model Y deliveries rose 24.4% YoY in June, while Q2 sales and exports grew 32.8%.
