Tesla-SpaceX Merger Talks Emerge as Cybercab Starts Paid Rides Ahead of Q3
TSLA sits 28% above its 52-week low of $297.38.
Summary
Tesla and SpaceX are in early merger talks, with independent special committees assessing a possible deal and Musk excluded from the process. No terms are set, but the structure suggests a serious look rather than idle speculation — and it lands the same day as Q3 results. Separately, Tesla began commercial Cybercab robotaxi operations in Austin with roughly 350 registered and 187 active vehicles, plus supervised rides in six U.S. cities and Phoenix testing approval. Q3 consensus sits at $0.44 EPS and $28.3B revenue, with EPS down about 12% year-over-year and revenue roughly flat. The CFO has flagged rising capex over the next 2-3 years for robotaxis, Optimus and infrastructure, backed by a reported $30 billion credit facility. This follows a rough stretch: Q2 EPS of $0.33 badly missed the $0.51 consensus and the stock fell about 15%, and NHTSA opened a probe into 1.2 million Model 3 and Model Y vehicles over suspension failures. Q3 results and the earnings call today are the immediate test — management commentary on AI, autonomy costs and any merger detail will drive the reaction.
At the time of this announcement, TSLA was trading at $380.45 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $297.38 to $498.83. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.