Elon Musk certainly likes keeping us in suspense by gauging public opinion on decisions he's probably already made light years in advance. The latest speculation is over the potential merger of all of his ventures into one massive holding company. With Tesla as the crown jewel, the hypothetical 'X' Conglomerate would bring in firms such as Space X, Neuralink and The Boring Company.

Why does it seem to be a possibility in the near future? Musk responded with a 'pondering' emoji to a one-year-old tweet on Dec. 31, 2021 from Dave Lee, a Tesla expert, who had proposed the idea last December 2020. Musk has certainly led us on before in the past with his cryptic and come-hither tweets. And many investors have balked at the idea of what they see as a careless casserole of ambition.

But the Seoulite TV sees a familiar pattern here. Musk is acting like a Korean billionaire conglomerate owner. Well, minus the corruption and government sweetheart deal component. In this video I outline the compelling forces that will most likely lead to both a conglomerate structure and a stock split. For benchmarking purposes, the most similar example would be Google's transition to Alphabet.

From an analytical lens, it makes sense. You can split the stock of Tesla to a point where it can qualify to be included on the Dow Jones Industrial Average, be low enough to entice retail investors, offer an entry point for ALL of his employees to participate in stock option benefits and reduce the volatility of the options market as it's traded in smaller bundles. With the recent equity financing of Space X, my bet is that there will be mounting forces to merge, split and list on the Dow Jones in quick succession. And that would be even more baller than a Korean billionaire.