Tesla Profit Slumps as Elon Musk’s Car Company Considers Merging With SpaceX

New York Times - Oct 21, 2026

The carmaker, which is controlled by Elon Musk and is considering merging with another of his companies, SpaceX, spent heavily on artificial intelligence and other new technologies.

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Musk: SpaceX, Tesla merger a 'good idea'

Elon Musk said Tuesday that his two companies, SpaceX and Tesla, have formed independent special committees to discuss the potential merger, calling it "a good idea." "I think it would be a good idea, but it's really up to the special committees of both companies," Musk told investors on a conference call, according to a...

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U.K. Approves Long-Stalled Jackdaw Gas Drilling Project in the North Sea

The project will lessen the country’s dependence on imported energy, though environmental advocates say it undercuts a pledge to reduce carbon emissions.

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Elon Musk Says SpaceX and Tesla Are Exploring a Merger

A deal would consolidate Elon Musk’s holdings in rockets, cars and artificial intelligence into a company worth well over $3 trillion.

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Investors 'almost certainly' in midst of AI bubble: Ken Griffin

Billionaire investor Ken Griffin said Tuesday that investors are dealing with an artificial intelligence bubble, as companies rack up debt to satisfy the demand for data centers and models. “There’s almost certainly bubbles within this moment in time. And any radical transformation of our economy is generally intertwined with a bubble,” Griffin, the founder of...

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SpaceX Boosts the A.I. Rally

Tech stocks are up after the rocket and artificial intelligence company beat earnings estimates — and Elon Musk confirmed it is weighing a deal with Tesla.

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Faisal Islam: Inflation and borrowing figures illustrate chancellor's Budget challenge

The economic figures released on Wednesday show the constraints for John Healey as he puts the finishing touches to his Budget.

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Inflation and government borrowing highest for a year ahead of next week's Budget

Inflation accelerated to 3.5% from 3.1% in the year to September, according to the Office for National Statistics (ONS).

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The next Senate class will decide Social Security's fate. Can they meet halfway to save it?

The 2027 Senate class will be the first delegation in more than four decades forced to address Social Security’s potential insolvency. The federal program is poised to run out of funds by 2032, triggering a 22-percent cut in benefits for tens of millions of Americans unless lawmakers act. Some bipartisan consensus has emerged among Senate...

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How higher bond yields are threatening the AI-fueled stock rally

Bond yields in the U.S. have risen this year, slowing down a stock market that has risen for years on the back of the AI build-out. After consistently rising, with a few exceptions, from late March through mid-August, the S&P 500 is down nearly 90 points from Oct. 7. The Nasdaq composite, meanwhile, is down...