Elon Musk publicly endorsed a possible merger of Tesla and SpaceX, and both companies have formed special committees of independent directors to evaluate it, while Musk has recused himself from the talks due to conflicts of interest and discussions remain at an early stage. In the third quarter, Tesla reported revenue of $28 billion (below the $28.3 billion estimate) and adjusted EPS of $0.48 per share (above the expected $0.45), but both revenue and earnings declined from the same period in 2025. Capital expenditure rose 110% to $4.7 billion, while the full-year capex estimate was cut to $20 billion from $25 billion, and Tesla aims to begin delivering Cybercabs to external fleet customers by the end of 2026. Rivian acquired UK-based Third Dimension AI to support its driver-assistance and robotaxi software, while GM unveiled a fourth-generation EV platform using lithium manganese-rich prismatic cells with about 33% more energy density than lithium iron phosphate.
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TSLAearningsmergers and acquisitionselectric vehicles
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Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/23/2026 | 372.21 |
| Change that session | -0.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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