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Wednesday, October 21, 2026Updated 22:33 UTC

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

Source: NYT Business · Oct 21, 2026 21:10 UTC

Rows of NASA Pleiades supercomputer racks at Ames Research Center — File photo NASA / Dominic Hart · Public domain · Source

The Quick Take

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.

Read the full story at NYT Business

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