Tesla and SpaceX Earnings in Focus Amid Merger Rumors and AI Spending Scrutiny

Key Facts

Markets are awaiting earnings results from Tesla TSLA and SpaceX to evaluate Elon Musk's AI spending ambitions. Reuters reported that speculation regarding a potential merger between the two companies has increased, as investors seek clarity on the strategic alignment between Musk's automotive and aerospace ventures.

Tesla TSLA closed at $354.72 on October 16, 2026, after reaching a session high of $370.5. On the same date, SPCX closed at $146.03, trading between a low of $142.95 and a high of $147.92, as traders monitor signals regarding capital allocation plans for artificial intelligence initiatives.