alt Hacker News> The company never mentioned the deal in its shareholders’ letter or during last night’s earnings call.
Is it legal? The whole point of earnings call is to disclose such events to [potential] shareholders.
Replies
kklisura • today at 6:32 PM
> Is it legal? The whole point of earnings call...
You might be shocked to find out, as I was, that earnings call are not even legally required. Companies are legally required to make SEC filings and that's it.
The earnings call is basically an event to announce that they've published their 10-Q report. The report says:
> "In April 2026, the Company entered into an agreement to acquire an AI hardware company for up to $2.00 billion in Tesla common stock and equity awards, of which approximately $1.8 billion is subject to certain service conditions and/or performance milestones dependent on the successful deployment of the company’s technology."
That's not quiet or sneaky in any way.
The article says:
> The fact that Tesla discussed the $2 billion SpaceX investment extensively in the shareholders' letter but didn't mention an equally-sized acquisition is a deliberate choice.
The existence and content of the report is all that matters, you can emphasize or ignore anything you want in the press release.