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via finance.yahoo.comMarkets

Tesla Q3 profit drops as possible merger with Musk's SpaceX is discussed

FROM THE WIRE · FINANCE.YAHOO.COM

NEW YORK (AP) — Tesla reported a decline in profit for the latest quarter as it prepares for a possible merger with Elon Musk's other big business, SpaceX. The electric vehicle maker reported third-quarter net income of $787 million, or 22 cents per share, down 44% from the…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralA possible merger between two large Musk companies could move Tesla shares significantly.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Tesla reported third-quarter net income of 787 million dollars, down 44 percent year on year.
  2. 02Adjusted earnings of 48 cents per share beat analyst expectations by 3 cents.
  3. 03Musk said special committees were set up at each company to discuss a possible combination.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Tesla, Inc.TSLAStock386.47 USDMarket closedtoday +3.41%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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