Tesla closed above $400 on October 27, 2026 for the first time since July 10, rising 4.04% to $407.46 and reaching a market value of $1.61 trillion, as hopes for a merger with SpaceX drove the rally. No merger agreement has been signed, and neither company has disclosed an exchange ratio or price, though both formed special committees of independent directors. Musk called the 50% shareholder approval threshold 'quite a high hurdle' and said he cannot take part in the committee discussions. Tesla's third-quarter operating income fell 55.79% and free cash flow dropped 61.63% as capital spending rose 110.5%, while SpaceX reported $4.4 billion of third-quarter net income versus Tesla's $787 million. The article concludes that Tesla's valuation of about 425 times earnings already reflects a deal whose terms and timing are unknown.
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TSLASpaceXmergers and acquisitionsElon Muskearnings
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/27/2026 | 407.46 |
| Change that session | +4.04% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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