{
  "id": 16006594,
  "title": "Tesla's profit drops as it explores a possible merger with Musk's other public company, SpaceX",
  "url": "https://urgent.news/2026/10/22/teslas-profit-drops-as-it-explores-a-possible-merger-with-musks-other",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T05:53:00.000Z",
  "source": {
    "name": "Euronews",
    "slug": "euronews",
    "url": "https://www.euronews.com/2026/10/22/teslas-profit-drops-as-it-explores-a-possible-merger-with-musks-other-public-company-space"
  },
  "original_language": "en",
  "account": "Tesla's third-quarter profits fell as the company increased spending on artificial intelligence, robotics, and autonomous transport. The electric vehicle maker reported a net income of $787 million, a 43% decrease from the previous year. Revenue remained essentially flat at $28 billion, slightly below analysts' average forecast of $28.3 billion. Excluding certain items, earnings per share of 48 cents exceeded expectations by 3 cents. Notably, Tesla generated $1.5 billion in free cash flow, a significant improvement from the previous year. The company reduced its capital spending forecast for 2026 to approximately $20 billion, down from over $25 billion earlier. Tesla's automotive gross margin improved to 18.1%, up from 15.4% a year earlier. Despite delivering 486,532 vehicles, net profit remained unchanged. Tesla's robotaxi business and investments in SpaceX's projects have raised questions about the company's future. Musk hinted at a potential merger with SpaceX, though no terms have been agreed upon.",
  "summary": "Tesla reported a decline in third-quarter profit, but generated more cash than analysts expected, leaving investors with a mixed picture as it explores a possible merger with Elon Musk's other big company, SpaceX.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}