Tesla

Elon Musk has publicly confirmed that SpaceX and Tesla are exploring a merger. The earnings disclosed alongside that statement show a sharp divergence: Tesla profit fell about 43 percent with automotive revenue declining, while SpaceX revenue rose 161 percent and the company posted its first-ever profit. The combination therefore raises a valuation debate in which the two sides do not agree on the terms.

Elon Musk said on October 20 that Tesla and SpaceX have each formed special committees to weigh a potential merger, with independent directors evaluating the combination. Musk described the outcome as not a certainty. The discussion follows SpaceX’s first-ever quarterly profit, with revenue up 161 percent as its AI-related business scaled and capital spending coming in below expectations. Press reports put the potential combined value in the range of 3.5 trillion dollars. Tesla shares slid while SpaceX stock surged after the disclosure.

Tesla held a global debut event in California for the next-generation Roadster prototype, demonstrating a short vertical takeoff-and-landing flight mode; Elon Musk declared at the event that flying cars are no longer a concept. The new car integrates a tri-motor drive, more than two thousand horsepower, swappable battery modules, and a vertical takeoff-and-landing assist module, marking the first time Tesla has folded personal flight capability into a passenger-vehicle product line and signaling that consumer-grade electric flying cars are moving out of the startup-experiment phase and into a mainstream automaker’s product roadmap.

Core Summary Tesla has officially launched a market interest survey targeting autonomous taxi fleets, soliciting potential investors and partners about their interest in purchasing and operating driverless taxi businesses. This move indicates Tesla is accelerating its driverless mobility service commercialization, attempting to transform from a pure automaker into a mobility service provider, further challenging the established patterns of traditional taxi and ride-hailing industries. Event Details According to tech media TechCrunch, Tesla recently began sending surveys to select potential partners, soliciting their interest in purchasing and operating autonomous taxi fleets. Survey content covers multiple dimensions including fleet size, operational models, expected returns, and partner qualifications. This action indicates Tesla’s Cybercab project has moved from concept stage into substantive commercial preparation. ...

China’s State Administration for Market Regulation announced the recall of nearly 3 million Tesla electric vehicles due to safety concerns with hidden door handle designs. This recall affects multiple brands including Chinese automakers XPeng, Xiaomi, and Geely.

CNBC’s real-world comparison of Tesla’s Full Self-Driving and Rivian Autonomy+ systems reveals significant differences in ride smoothness, scenario adaptability, and user experience.

Tesla reported Q2 2026 earnings that missed Wall Street estimates, with free cash flow turning negative for the first time. Auto margins continue to compress as CEO Elon Musk pivots the company toward AI and robotics.

Elon Musk’s net worth has fallen below the trillion-dollar mark as shares in Tesla and SpaceX continue to decline, stripping him of his brief status as the world’s first trillionaire.

Fatal Tesla Crash Into Texas Home Under Federal Safety Investigation The National Highway Traffic Safety Administration (NHTSA) has launched a federal safety investigation into a fatal crash involving a Tesla vehicle that struck a Texas home. According to the Wall Street Journal, investigators will examine whether Tesla’s Autopilot driver-assistance system played a role in the accident. The investigation will cover the vehicle’s black box data, Autopilot system status, and driver operation records prior to the crash. This marks another in a series of NHTSA inquiries into Tesla’s autonomous driving technologies. ...

California DMV announces new regulations allowing police to issue violation notices directly to autonomous vehicle manufacturers when driverless cars break traffic laws — the most comprehensive AV regulations in the US.