The recent Roadster showcase suggests SpaceX technology could be pulled into future Tesla products
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The Cybertruck-maker faces intense competition from Chinese carmakers like BYD, which overtook Tesla as the world's biggest EV maker in January.
Key facts
With Tesla valued at roughly $1.5 trillion (£1.1 trillion) and SpaceX at $2 trillion, a combination of the two companies would mark the largest merger ever
Tesla reported a slight drop in third quarter sales which came in at $28.05 billion compared with $28.1 billion at the same time last year
SpaceX shares rose 8% in after hours trading while shares of Tesla climbed by 2%
The Cybertruck-maker faces intense competition from Chinese carmakers like BYD, which overtook Tesla as the world's biggest EV maker in January
Summary
Elon Musk has spent years building Tesla and SpaceX into a pair of trillion-dollar technology empires. Asked on Tuesday whether a merger would be a good idea, Musk was clear: "Yes. With Tesla valued at roughly $1.5 trillion (£1.1 trillion) and SpaceX at $2 trillion, a combination of the two companies would mark the largest merger ever. "In their opinion, 100%. During Tesla's earnings call on Wednesday, Musk said he had nothing further to add about the prospect of a merger but quipped: "The reporter feel like the reporter is tap-dancing through a minefield.