Tesla opens preliminary merger talks with SpaceX and reports third-quarter results
According to TradingView, Tesla is in early merger talks with SpaceX, while its third-quarter revenue reached $28.05 billion and GAAP net income $787 million.
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what happened
According to TradingView, Tesla is in preliminary merger discussions with SpaceX, and both companies have formed special committees. No agreement, timeline or approval has been reached. Obstacles cited include valuation gaps, regulatory questions and operations in China.
In the third quarter Tesla posted revenue of $28.05 billion, adjusted earnings per share of $0.48, GAAP net income of $787 million and free cash flow of $1.53 billion. Capital expenditure for the quarter was about $4.7 billion, and the 2026 capex plan was trimmed to roughly $20 billion. Deliveries were 486,532 vehicles, down 2% year on year. The Terafab chip project in Texas is estimated at about $16.8 billion.
The company is also expanding Megapack production, with nearly all capacity sold through 2027, and its Texas Megafactory will add 50 GWh of annual output.
why it matters
The key question for markets is how a possible merger would affect TSLA shares. Analysts note that a stock-for-stock deal could create about 10% passive demand for the combined company's shares, although SpaceX currently does not meet S&P 500 listing criteria. U.S. lawmakers have signaled antitrust and national security scrutiny ahead of the November midterm elections.
market impact
TSLA and the S&P 500: a possible merger and lower capex shift expectations for Tesla stock
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instruments
sources
- Key facts: Tesla, Inc.: SpaceX Merger Talks; $16.8B Terafab; Q3 Profit — TradingView, 23 October 2026 at 07:00 UTC
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