Tesla shares rose 4% to $387.47 in afternoon trading ahead of its Q3 2026 report, after Elon Musk said a combination with SpaceX would be a good idea but stressed there is no guarantee. Musk said both companies formed special committees of independent directors to discuss the idea, that he is excluded as a conflicted party, and that the committees have not agreed on any transaction terms. He said treating a merger as a certainty would be overstating it, and pointed to possible cooperation in areas such as superintelligence software, chip design and robotics. Meanwhile, the Invesco QQQ Trust rose 1.3% while the Global X Autonomous & Electric Vehicles ETF slipped 0.2%, and Rivian and Lucid each gained about 1%. The article notes Tesla’s heavy spending on robotaxis and AI, while Rivian and Lucid depend on vehicle sales alone.
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TSLAmergers and acquisitionsElon Muskelectric vehicles
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Related tickers and likely impact
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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