Tesla and SpaceX have formed independent special committees to explore a potential merger, a move supported by Elon Musk who is recusing himself from the process to avoid conflicts of interest. This development comes as Tesla prepares to report Q3 results, with expected revenue of $28.34 billion and earnings of $0.45 per share. However, analysts project a negative free cash flow of $4.51 billion for the quarter. This deficit is attributed to heavy capital expenditures totaling $7.77 billion focused on AI and robotics initiatives.
Musk said any deal remains subject to shareholder approval, while Tesla prepares to report quarterly results with expectations for negative free cash flow of $4,506 million.
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