Tesla CEO Elon Musk has forcefully denied circulating rumors claiming the company is exploring the sale of its Shanghai manufacturing facility. Speculation began to circulate following a report from the Wall Street Journal, which alleged that Tesla might offload its vital Chinese production hub to support a prospective merger between the automaker and SpaceX.

Musk utilized his social media platform, X, to address the claims directly, labeling the report as 'fake news' and later as 'absurdly fake news.' According to Teslarati, the executive stated that the topic of selling the China-based operations had never been part of any internal discussions. Following Musk's public dismissal, the original report was removed by the source who first shared the headline, fueling further discourse on the validity of mainstream media narratives regarding the company.

Industry analysts have long considered the Shanghai Gigafactory a cornerstone of Tesla’s global operations, as it serves both the massive domestic Chinese market and key export regions across Asia and Europe. While industry rumors regarding a potential consolidation of Musk’s companies under a single umbrella entity have intensified since SpaceX went public last month, no official evidence supports the claim that a sale of the China business is on the horizon. Musk has maintained his aggressive stance against media reports he deems inaccurate, consistently asserting that the public should view such claims with skepticism until verified.