Our mission is simple: inform people about real events and give them the facts to think for themselves
Friday 23 October 2026
Tag
Tesla reported revenue of $28.05 billion and adjusted earnings of 48 cents a share, above analysts' estimates, and lowered its 2026 capital spending outlook from more than $25 billion.
US stocks were higher in afternoon trading in New York, led by technology shares after SpaceX's quarterly results, while Netflix fell after its forecast missed estimates.
Elon Musk told SpaceX's third-quarter earnings call that independent-director committees at both companies are examining a combination, but said no terms have been agreed and a deal is not certain.
Elon Musk said on Monday he will give one of his SpaceX shares to every child in the US next year. CNBC estimated the pledge at about $10.5 billion; Musk has not said how the shares would be distributed.
About 70 S&P 500 companies are scheduled to release quarterly results this week. Here are the confirmed dates and times, in GMT.
Elon Musk called it a "flying car" at a demonstration at SpaceX's test site in Texas. The FAA said the vehicle does not meet its definition of an aircraft.
