Elon Musk confirms discussions on potential SpaceX and Tesla merger
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Elon Musk, SpaceX, Tesla
United States
October 20, 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 110/20/2026, 11:11:23 PM
Elon Musk revealed that both SpaceX and Tesla have formed special committees to discuss a potential merger. The discussions were initiated at the request of shareholders. No agreement has been reached yet, but Musk expressed support for the idea.
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Tesla reported Q3 results with automotive revenue declining 3% year-over-year. Net income fell 29% to $787 million due to increased spending on AI and robotics. Elon Musk confirmed that boards at Tesla and SpaceX have formed committees to discuss a potential merger.