- Tesla reports Q3 2026 results after the close Wednesday, October 21. LSEG consensus expects EPS of 43 cents and revenue of $27.9 billion.
- Musk said on SpaceX's earnings call that the boards of both companies have formed special committees to discuss a possible tie-up.
- Musk said a Tesla merger vote would require 50% of all shares, which he called a quite high hurdle.
- Tesla options lean bullish with less conviction than Meta. Tesla's open-contract put/call ratio is 0.75 versus Meta's 0.5, though more calls than puts traded Wednesday morning.
- Market-makers price a 5.5% post-report move for Tesla, above the four-quarter median of 3.5%.
- Tesla shares are down 14% this year, underperforming all megacap tech peers. Tesla delivered 486,532 vehicles in Q3, about 2% below the year-ago figure.
Quotes
“Do I think it would be a good idea? Yes”
“But at the end of the day, the shareholders have to be supportive of this.”