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Related tickers and likely impact
META
▲ Likely positiveMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/20/2026 | 694.44 |
| Change that session | -1.56% |
TSLA
▲ Likely positiveTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/20/2026 | 373.77 |
| Change that session | +1.55% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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US stock futures were mostly higher on Wednesday, with S&P 500 futures up 0.2% and Nasdaq 100 futures up 0.5%, as investors weighed the Middle East conflict, AI spending and upcoming earnings. Elon Musk said SpaceX and Tesla have formed committees to assess a possible combination, but the committees had not agreed on terms, and he said there was no guarantee a merger would happen. SpaceX reported third-quarter revenue of $14.6 billion, up more than 160% from a year earlier, and profit of $4.4 billion. Media reports citing Anthropic's disclosures tied to a possible IPO showed $16.3 billion in first-half revenue, with about 20% from two customers, and a net loss above $80 billion, largely due to an accounting adjustment. Tesla and Meta are scheduled to report quarterly results after the close.
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S&P 500 and Nasdaq 100 futures edged higher before the open as investors weighed a batch of corporate earnings, uncertainty over the AI trade and the Middle East conflict. Elon Musk said SpaceX and Tesla have formed committees to explore a possible merger, though no agreement on terms has been reached and there is no guarantee a deal will happen. In the third quarter, SpaceX posted revenue of $14.6 billion, up more than 160% from a year earlier, with profit of $4.4 billion and capital expenditures of $19.6 billion. Anthropic reportedly generated $16.3 billion in revenue in the first half of the year but recorded a net loss of over $80 billion, largely due to an accounting adjustment, and one-fifth of its revenue came from just two clients. Meta Platforms reports after the closing bell and will be the first of the AI hyperscalers to report quarterly earnings.
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Earnings season moves into a busier phase, with SpaceX (SPCX) reporting Tuesday and Tesla (TSLA) on Wednesday. Investors will watch Starlink and SpaceX's AI operations, along with Tesla's margins, cash flow and plans to fund robotaxi, Optimus and AI. Analysts expect Tesla to post EPS of $0.45 on $28.11 billion in revenue, and SpaceX EPS of $0.18 on $13.16 billion. Meta Platforms (META) reports Wednesday after the bell, with expected EPS of $6.76 on $63.39 billion in revenue, while Netflix, IBM, GE Aerospace and several airlines also report this week. In after-hours trading Friday, SPY fell 0.26%, QQQ dropped 0.27% and DIA slipped 0.21%.
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Following SpaceX's strong rally after earnings, options trading in Meta and Tesla leaned bullish ahead of both companies' reports due Wednesday afternoon. For Meta, more than 30,000 calls traded at or above the ask versus under 17,000 puts, and the put/call ratio of open contracts is 0.5. Market-makers are pricing a 6.5% post-earnings move for Meta, below the 9% average of the past four quarters. Tesla's flows were bullish with less conviction, with a put/call ratio of 0.75 and call-buying premiums over $200 million versus $84 million for puts. Market-makers are pricing a 5.5% swing for Tesla, above its four-quarter median of 3.5%.
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Meta Platforms (NASDAQ: META) reported Q3 revenue of $64.6 billion, up 26.1% year on year and about 2% above estimates. Revenue guidance for the Q4 midpoint is $74.5 billion, 1.2% above analyst expectations. GAAP EPS of $3.83 was 29.9% below consensus, due to a $9.89 billion charge tied to an agreement with 52 attorneys general to resolve teen mental health litigation, with payments of up to about $18.59 billion; excluding it, EPS would have been $7.40. Operating margin fell to 20.1% from 40.1%, and free cash flow was -$2.12 billion. Daily active people reached 3.64 billion, up 100 million year on year.
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