Tesla shares rose 4% following Elon Musk's endorsement of a potential merger between Tesla and SpaceX, though he emphasized that independent committees must approve any deal and no agreement is guaranteed. The merger idea adds a premium to Tesla stock ahead of its Q3 2026 earnings report, where profits and cash flow will be closely watched. Musk highlighted strategic synergies in AI, robotics, and chip design between the two companies, setting Tesla apart from rivals like Rivian and Lucid, which lack such diversification. Investors should monitor updates from the special committees and Tesla's earnings report for clearer signals on the merger's prospects.
Tesla's market cap stands at $1.48 trillion as of Oct 22, 2026 00:11 WIB, with a trading volume of over 30.7 million shares on Pluang. The stock is up 3.56% on the day, slightly below the article's 4% rise. Meanwhile, SpaceX trades at $160.62 with a $2.01 trillion market cap and a notably higher volume of nearly 100 million shares, reflecting strong investor interest. Rivian and Lucid show smaller market caps of $18 billion and $1.29 billion respectively, with mixed order activity on Pluang.
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SpaceX and Tesla have each established special committees composed of independent directors to review a potential merger, initiated at the request of shareholders. Elon Musk, CEO and major shareholder of both companies, supports the idea but notes it...
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