Tesla shares were down 1.8% in after-hours trading.
Revenue is flat on the year as net income dives 43%; adjusted earnings top Wall Street expectations Read more at The Business Times.
Tesla's shares fell 2% on Thursday after the EV maker cut its capital spending forecast, raising concerns among investors counting on heavy investment for Elon Musk's AI and robotics vision.
Tesla shares fell almost 4% in pre-market trading after the car maker cut its capital expenditure target by USD5 billion ($7.1 billion).
But Tesla shareholders should be cheering on the combination, especially if they get paid a fat premium.
Experts weigh in on what could make or break a megamerger.
In today's edition: SpaceX and Tesla weigh a merger. Plus: Alphabet, Anthropic, Apple, EA, Meta, Microsoft, Space42, Spotify.
Elon Musk said Tuesday that his two companies, SpaceX and Tesla, have formed independent special committees to discuss the potential merger, calling it "a good idea." "I think it would be a good...
PALO ALTO, California -- SpaceX and Tesla have begun discussing a possible merger, Elon Musk said during an earnings call Tuesday, confirming the long-rumored joining of the tech billionaire's two...
Independent board committees will assess a potential combination, with shareholder approval and deal terms still unresolved.
It is game on for a potential SpaceX-Tesla tie-up, with discussion under way about how Elon Musk’s companies could combine.
A combined firm may allocate capital more efficiently but could broaden risk exposure for investors Read more at The Business Times.
After a stellar SpaceX earnings announcement, Chief Executive Elon Musk said the rocket company is considering a merger with Tesla, the electric car company he also helms.
He says there is ‘a lot of merit’ in combining the two firms, but shareholder support is required Read more at The Business Times.
Musk said that aerospace firm SpaceX and EV carmaker Tesla were considering a tie-up, confirming speculation that what would be the biggest corporate merger ever is a real possibility.
The two companies already share Elon Musk, which begs the question of who really benefits from a merger.
Musk says special committees within both companies have been formed to look at a possible mega-merger.
Musk says there's "a lot to be gained" by combining the firms in what would be the biggest merger in history.
Tesla CEO Elon Musk told investors to be patient when it came to progress on robotaxi expansion and Optimus development.
SpaceX reported a $4.4 billion third-quarter profit as AI revenue surged nearly tenfold, while special committees at both companies examine a possible merger
SpaceX’s revenue surged 161% to $14.6 billion in the third quarter as its AI business expanded and the company swung to a $4.4 billion profit. Musk says a merger with Tesla could combine their...
Elon Musk’s remarks came after SpaceX posted net income of $4.4 billion for the July-September period, compared with a loss of $1.1 billion a year earlier
Tesla reported surprise positive free cash flow for the third quarter on Wednesday after spending far less on AI and robotics than Wall Street expected, as the EV maker weighs a possible merger...
After its latest earnings, SpaceX's famously optimistic CEO made one of his most bullish suggestions yet.
Tesla delivered 486,532 vehicles in the third quarter, beating Wall Street expectations of about 461,100 vehicles
The timeline is a rough schedule for a project that aims to produce 1 terawatt a year of computing power for AI and robotics, on a schedule Musk himself called "very aggressive." In the United...
SpaceX absorbed Musk’s xAI in February, months before its June IPO, and spending by Tesla and SpaceX now points to the same place: AI
For decades, Elon Musk has mixed resources and ambitions at his two largest companies.
Elon Musk argued that combining the companies would allow them to deepen cooperation on chip design, robotics, software, and more.
Both boards are now studying a tie-up that would put Grok, X, Starlink, orbital data centers, a chip megafactory and Optimus robots under one roof—and under one man's control.
A merger of Elon Musk’s listed companies has some logic, but other shareholders might end up with less influence than they have today
Elon Musk said that SpaceX and Tesla have formed special committees to discuss the mechanics of a potential combination.
A day after Elon Musk's SpaceX reported third-quarter results, Tesla is scheduled to update investors.
Shares of SpaceX jumped and Tesla shares moved higher on Oct. 21 after Elon Musk, CEO of both companies, announced that the two companies have formed committees to study combining the two...
SpaceX put on a bit of a show for shareholders today—and I’m not referring to the sizzle reel of rocket and space videos it showed on its earnings call. No, the big attention grabber was the...
SpaceX shares jumped after the company reported surging revenue growth in its third quarter, and owner Elon Musk floated a potential SpaceX-Tesla merger.
Tesla Inc. investors hoping clarity on a potential merger with SpaceX would jolt the stock out of its lethargic ride may have to wait longer.
Wall Street analysts offer up their views about a potential Tesla-SpaceX merger, while CEO Elon Musk praises the two companies.
SpaceX shares surged in after-hours trading Tuesday after the rocket and satellite giant reported a whopping 161% jump in quarterly revenue — fueled by an AI business that has overtaken its...
AI ambitions and massive infrastructure spending are bringing Musk’s two biggest ventures closer on paper. But combining Tesla and SpaceX would require more than a shared vision, with valuation,...
Elon Musk considers the advantages of merging Tesla with SpaceX, particularly in light of escalating capital expenses. However, obstacles like shareholder votes and the need for special committees...
Elon Musk said Tuesday that merging his two companies, Tesla and SpaceX, would be "a good idea," revealing that both companies have formed special committees of independent directors to explore a...
Musk has in the past tantalised shareholders with the idea of combining SpaceX and Tesla, citing growing overlap between them. Speculation about the space company buying the EV maker has gained...
Speaking during SpaceX's third-quarter earnings call on October 20, Musk said independent directors are examining a potential agreement. He's staying out of their discussions because his position...
SpaceX and Tesla boards set up special committees to weigh a merger Musk backs, though he can't join the talks and no terms exist yet.
SpaceX and Tesla formed independent director committees at shareholders' request, excluding Elon and Kimbal Musk over conflicts of interest.
Musk said he isn’t a member of either special committee or involved in the talks because he’s a conflicted party under securities regulations.
Elon Musk, who is CEO of both companies and owns billions in stock, said he can't be a part of those merger discussions.
The world’s richest man attempts his most audacious deal yet. But shareholders and global regulators will need convincing
The SpaceX IPO pushed Musk past $1 trillion on paper. Pension funds, a federal judge, and workplace-safety data show how little stands between him and the companies he runs.
Musk said both boards formed committees to weigh a tie-up that would combine Tesla’s 11,509 BTC and SpaceX’s 18,712 BTC—roughly $2.5 billion worth—onto a single balance sheet.
"It’s an odd kabuki dance where two groups of people are talking, and I can’t be in the conversation," said Musk Tuesday.
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