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Tesla to report earnings after Elon Musk floats SpaceX merger plan

Tesla reports third-quarter earnings on Wednesday after CEO Elon Musk floated a merger with SpaceX; both boards have formed special committees but have not agreed on terms, and the deal would need approval from 50% of all Tesla shareholders. Analysts expect revenue of $27.9bn and earnings of 43 cents per share, slightly below last quarter's $28.23bn in revenue. Tesla shares are down more than 11% this year amid competition from cheaper Chinese automakers, though they have partly rebounded since the merger news. Musk also unveiled the Roadster 2, priced upwards of $200,000, while earlier promises such as 1m Optimus robots a year have not been met.

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MarketUS stocks
SectorConsumer Discretionary
IndustryAutomobile Manufacturers
Market cap$1.4T
Close on 10/20/2026373.71
Change that session+1.54%
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