Stocktwits Zero To Sixty: Tesla And SpaceX Form Merger Committees As Profits Drop, While Rivian Buys AI Startup And GM, Ford Advance EV Plans
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Elon Musk said Tuesday that Tesla and SpaceX have each formed special committees of independent directors to evaluate a potential merger. Tesla executives said the company is aiming to begin delivering Cybercabs to external fleet customers by the end of 2026. Rivian announced Thursday that it has acquired Third Dimension AI, a UK-based startup that turns real-world images and video into controllable 3D environments. Tesla and SpaceX moved closer to a possible combination this week after Elon Musk publicly endorsed the idea, while the EV maker reported flat revenue and a profit decline for the third quarter. Autonomy efforts advanced elsewhere, with Rivian acquiring a simulation startup and Lucid locking in European robotaxi software. GM detailed a lower-cost next-generation platform, and Ford refreshed the Mustang Mach-E. Tesla And SpaceX Explore Combination; EV Giant’s Q3 Earnings Drop Elon Musk said Tuesday that Tesla and his rocket manufacturing company SpaceX have each formed special committees of independent directors to evaluate a potential merger. On SpaceX’s quarterly earnings call, he described combining the companies as “a good idea” but said he has recused himself from the discussions because of conflicts of interest. Any deal would still require approval from both special committees, the respective boards, and shareholders. Talks remain at an early stage. Tesla...
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Ford, meanwhile, opened orders for the 2027 model year Mustang Mach-E electric SUV, which now includes a standard extended-range battery and starts under $40,000.
