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Tesla shares drop as Elon Musk offers no update on SpaceX merger during earnings call

Company Fundamentals
21 Oct 2026
Market Watch
View Source
Bearish
Tesla shares drop as Elon Musk offers no update on SpaceX merger during earnings call

During Tesla's Q3 earnings call, CEO Elon Musk declined to provide any new information regarding a potential merger with SpaceX, leaving investors uncertain. The company’s head of investor relations, Travis Axelrod, explicitly stated that no questions about a SpaceX merger would be addressed. This lack of clarity disappointed investors who were eager for updates on the possible deal. The focus remains on Tesla's financial performance, but the SpaceX merger speculation continues to be a major topic among shareholders.

Tesla shares are trading at USD 374.80 on Pluang, showing a slight increase of 0.29% in the last day. The stock has a market cap of $1.48 trillion and a high volume of over 30 million shares traded. These figures are current as of Oct 22, 2026 06:41 WIB.

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