Tesla's Q3 Profit Falls 44% as Merger Talks With SpaceX Advance

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Tesla reported a 44% drop in third-quarter net income to $787 million, or 22 cents per share, while preparing for a possible merger with Elon Musk’s SpaceX. Excluding certain items, earnings per share of 48 cents beat analyst expectations by 3 cents, though revenue was flat at $28 billion, slightly missing forecasts. Musk confirmed on a SpaceX call that special committees are exploring a combination, cautioning that hurdles remain. Tesla stock rose 1.6% in after-hours trading after gaining 3.6% during the regular session, reflecting investor interest in the long-rumored merger despite ongoing uncertainty.


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