Tesla Profit Slumps as Elon Musk’s Car Company Considers Merging With SpaceX NYT - Top Stories By: Jack Ewing 21 October 2026 at 21:11 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. © Mike Blake/ReutersTesla remains dependent on the Model Y sport utility vehicle and Model 3 sedan for much of its revenue.
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