Tesla (NASDAQ:TSLA) sent 20 employees to work at SpaceX (SPACE) on a temporary basis, according to a new disclosure.
The deal was called a “related party transaction” and will see SpaceX pay Tesla about $100K for the use of the employees for technical matters.
In April, Tesla revealed that it has been selling car components to SpaceX and using a Tesla machining facility to make a tool for the company.
Tesla and SpaceX share four board members (Elon Musk, Kimbal Musk, Steve Jurvetson and Antonio Gracias).
SEC Form 14A
SpaceX borrows some Tesla employees – Seeking Alpha