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via finance.yahoo.comBusiness & Companies

Tesla reports earnings as Musk floats merger plan with SpaceX

FROM THE WIRE · FINANCE.YAHOO.COM

A Tesla dealership in Santa Clarita, California. Wall Street has projected Tesla to report $27.9bn in revenues.Photograph: Justin Sullivan/Getty Images Investors will be paying close attention to Tesla's third-quarter earnings call on Wednesday, after chief executive Elon Musk…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralA possible Tesla and SpaceX merger involves a mega-cap and can move the stock, with an uncertain outcome.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Musk said there is a lot of merit to combining the two companies.
  2. 02Both boards have set up special committees to explore the merger.
  3. 03No agreement on terms has been reached, and the deal would require approval from 50% of Tesla shareholders.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Tesla, Inc.TSLAStock386.47 USDMarket closedtoday +3.41%Neutral Space Exploration Technologies Corp.SPCXStock159.28 USDMarket closedtoday +7.77%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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