Tesla (TSLA) Stock Trends After Hours As SpaceX Merger Talks Heat Up, Elon Musk Extends Cybertruck Production
I'm LongbridgeAI. Here is the key information I extracted- Elon Musk announced that Cybertruck production will be extended through the end of summer 2027 to clear the existing order backlog before the production line is dismantled for Cybercab expansion.…
Tesla Inc. (NASDAQ:TSLA) shares are trending on Friday.
Shares of the Texas-based automotive company edged 0.60% higher to $399.85 in after-hours trading on Thursday.
In the regular session, TSLA closed at $397.45, up 1.69%, according to Benzinga Pro data.
SpaceX Merger Talks Advance, Deal Possible by December
On Thursday, Reuters, citing Bloomberg News, reported that Tesla and Space Exploration Technologies Corp. (NASDAQ:SPCX) are progressing in merger negotiations. According to the report, a deal could be announced as early as December. The companies have also discussed a scenario in which the announcement slips into early 2027.
Elon Musk said on SpaceX’s third-quarter earnings call last month that a merger would be "a good idea." He confirmed both companies had formed special committees of independent directors.
Cybertruck Production Extended Through Summer 2027
Separately, Musk posted on X on Wednesday that Cybertruck production would continue "through the end of summer 2027" as Tesla works through its order backlog.
In order to work through more of the Cybertruck order backlog, production will be extended through the end of summer 2027
— Elon Musk (@elonmusk) November 11, 2026
That came five days after Musk said the truck would be cut around mid-2027 to free assembly capacity for the Cybercab, Tesla’s steering-wheel-less robotaxi. He said the truck remains profitable but is too complex to build.
Last week, Musk said on X that Tesla would add an extra shift to "get all orders done in time" before the Texas line is dismantled for Cybercab expansion.
Tesla has also added Cybertruck-themed items to its online Holiday Collection as the truck nears its end, including a $350 RC racer. The $85 Cybertruck Holiday Edition diecast is listed as out of stock.
Trading Metrics, Technical Analysis
Tesla has a market capitalization of about $1.57 trillion, with 3.95 billion shares outstanding. Over the past 52 weeks, the stock has traded between $297.38 and $498.83.
The Relative Strength Index (RSI) of TSLA stands at 56.52.
The stock has declined 7.70% over the past 12 months.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Creative Salim on Shutterstock.com
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