TSLA, SPCX Stocks Are Trending In Pre-Market After Elon Musk Confirms Tesla-SpaceX Merger Committees

Tesla Inc. (TSLA) shares rose 2.03% to $381.3, while Space Exploration Technologies Corp. (SPCX) shares increased 8.74% to $160.7 in pre-market trading following CEO Elon Musk's confirmation of special committees formed to explore a potential merger between the two companies. Musk noted that while he believes a merger would be beneficial, it is not guaranteed. SpaceX reported strong Q3 earnings with revenue of $14.58 billion, exceeding analyst expectations, and a significant 830% year-over-year increase in revenue from its Super Intelligence segment.