TSLA — Tesla, Inc. - Common Stock
Session close: $390.22. Regular-session share volume: 26,639,500. Change from previous close: -1.82%.
Key developments
Tesla and SpaceX are advancing merger negotiations, with Bloomberg reporting an announcement could come as early as December or slip into early next year. Elon Musk's biographer argued a merger is nearly inevitable given shared chip-development work on Terafab, while Musk has cautioned that assuming a deal is certain would overstate it. No merger vote is scheduled at Tesla's upcoming shareholder meeting.
Company news Elon Musk's SpaceX–Tesla Merger 'Almost Inconceivable' to Avoid, Biographer Says · Company news Tesla-SpaceX merger announcement as early as December: Bloomberg · Company news Tesla and SpaceX Move Closer to a Deal. What Would Tesla Shareholders Get?
Risks include the newly elected Texas attorney general expressing opposition to a potential Tesla-SpaceX merger, adding a regulatory hurdle, and a strategist warning that a Democratic-led Congress could complicate approval. The same strategist said Tesla's forward plans, particularly around robotics, have been muted.
Company news Texas Attorney General Threatens Potential Tesla-SpaceX Merger · Company news SpaceX, Tesla Merger Could Hit Democratic Roadblock: Jay Woods Unsure if Elon Musk Can 'Work His Magic'
Tesla traded lower alongside consumer discretionary sector weakness in the session, and early money flows were reported positive for the name.
Company mentioned — Mentions TSLA in the article text. Consumer Staples Leads Sectors As Technology Trails · Company mentioned — Mentions TSLA in the article text. AMD Benefits From Nvidia's Troubles, Smart Money Sells Nvidia; Cooler PPI; Bitcoin Below $70K
News sources
Company news America's Greatest Opportunities: The Earnings Gap That Put Tesla Stock At Ludicrous Speed · Company news Texas Attorney General Threatens Potential Tesla-SpaceX Merger · Company news Elon Musk's SpaceX–Tesla Merger 'Almost Inconceivable' to Avoid, Biographer Says · Company news Tesla and SpaceX Move Closer to a Deal. What Would Tesla Shareholders Get? · Company news SpaceX, Tesla Merger Could Hit Democratic Roadblock: Jay Woods Unsure if Elon Musk Can 'Work His Magic' · Company news Investors Just Got Big News on a SpaceX-Tesla Merger · Company news Form Energy Appoints Former Tesla Executive Jon McNeill to Board of Directors · Company news Tesla-SpaceX merger announcement as early as December: Bloomberg