Tesla to report earnings after Elon Musk floats SpaceX merger plan

Tesla is set to release its third-quarter earnings on Wednesday, with investors eagerly awaiting to see how Elon Musk's latest idea of merging Tesla with SpaceX will impact the company. During a call with SpaceX investors, Musk expressed his belief that there is "a lot of merit" to combining the two businesses, though he noted that the board of directors for both companies had not yet reached an agreement on the terms of the proposed merger.

The merger would require the approval of at least 50% of Tesla's shareholders. Analysts are projecting that Tesla will report a revenue of $27.9bn, slightly lower than the $28.23bn it generated in the previous quarter. Despite facing challenges such as falling stock prices, increased competition from Chinese automakers, and slow progress on its Optimus robot and Robotaxi services, Musk remains optimistic about the potential SpaceX merger and the future of Tesla's innovative ventures.