Tesla beats forecasts as Musk pushes SpaceX merger plan

theguardian.com —

Tesla is set to report third-quarter earnings Wednesday after CEO Elon Musk floated merging the company with SpaceX, a move requiring approval from 50% of Tesla shareholders. Musk cited "a lot of merit" in combining the firms, with special committees exploring terms. Tesla beat Wall Street projections with $28.05 billion in revenue and $0.48 earnings per share, though automotive revenue fell 3% year-over-year. The company faces a rough year, with shares down over 11% despite a recent rebound from merger news. Musk also unveiled the $200,000 Roadster 2, using SpaceX tech to "fly like a rocket." Tesla's pivot to robotics and robotaxis has struggled, missing ambitious targets on Optimus production and autonomous ride-hailing expansion.


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