Tesla Bucks U.S. Tech Trend Premarket on SpaceX Merger Reports -- Market Talk
Dow Jones01-30
1132 GMT - Tesla shares gain 2.2% premarket on reports that the electric-vehicle maker might merge with SpaceX. The private space exploration company was founded by Tesla Chief Executive Elon Musk, and is slated for a hotly anticipated initial public offering later this year. SpaceX is weighing up a merger with Tesla or with another Musk company, xAI, Bloomberg reports. Tesla said it will invest $2 billion in xAI in an earnings release Wednesday. Tesla's gain runs counter to a broader selloff in U.S. technology stocks premarket, with futures for the tech-heavy Nasdaq index falling 0.8%. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
January 30, 2026 06:33 ET (11:33 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
