On October 21, Tesla Motors rose nearly 4% in Regular Trading. The move coincided with confirmation that Tesla Motors and SpaceX have each formed special committees to evaluate a potential merger, while Tesla Motors also disclosed in shareholder materials that its third-generation Optimus humanoid robot is ready for large-scale production.

Background developments were substantial. Musk said no transaction terms have been agreed and no deal is certain, but he called a combination a good idea. Separately, Tesla Motors said it is building the first Optimus production lines and expanding AI training data-center capacity. Additional support came from industry data showing Tesla Motors sold 144,094 EVs in the US in the third quarter, exceeding the combined total of all other brands, reinforcing investor focus on its scale, AI, and robotics optionality.

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