Tesla reports Q3 earnings as Musk floats SpaceX merger
Briefing by News4U · First published
Tesla posted flat revenue and higher cash flow; Musk said merging with SpaceX has merit and needs 50% shareholder approval.
Tesla reported third-quarter revenue of $27.9bn, slightly below the prior quarter’s $28.23bn, while cash flow rose, according to Wall Street estimates and company results. [1] [2]
Elon Musk told SpaceX investors that combining Tesla and SpaceX has merit; both boards have formed committees to study the deal, which would require approval from 50% of Tesla shareholders. [1] [2]
Sources
- Tesla beats earnings projections after Musk floats SpaceX merger plan
The Guardian Business · · Full text
- Tesla Reports Flat Revenue, Increased Cash Flow as SpaceX Merger Talk Looms
WSJ Business · · Summary only