Texas Attorney General-elect Vows Strict Scrutiny of Any Tesla-SpaceX Merger

Odaily Report: Texas Attorney General-elect Nathan Johnson has vowed to scrutinize strictly any potential merger between Elon Musk's SpaceX (SPCX.O) and Tesla (TSLA.O). As a merger takes shape between two of the state's most valuable companies, he warned of the dangers of excessive corporate concentration. "Any merger of companies of this magnitude deserves extremely rigorous review," Johnson said in an interview on Thursday local time. The world's richest person, Musk, has concentrated a large part of his business empire in Texas in pursuit of a more friendly regulatory environment under Republican rule. During the midterm elections, he also spent hundreds of millions of dollars supporting Republicans in Texas and across the United States. Texas Democrats, including Johnson, Governor-elect Inocencio "Ino" Hinojosa, and Senator-elect Talarico, have vowed to limit his power. "I think he has received enormous preferential treatment because he aligned himself with the Republican Party and invested heavily," Johnson said. "I have no reservations about examining his relationship with this state."