---
symbol: "TSLA"
name: "Tesla"
date: 2026-10-23
change_pct: -3.271935960208284
direction: "down"
event_type: "m&a"
url: "https://perplo.app/why/TSLA/2026-10-23"
updated_at: 2026-10-23T15:06:53.060Z
---

# Why Tesla (TSLA) fell 3.27% on October 23, 2026

Tesla (TSLA) fell 3.27% on October 23, 2026 — Musk's SpaceX merger idea raises antitrust worries.

## What happened

Tesla fell 3.3% after Elon Musk floated a possible SpaceX-Tesla merger, which Semafor reported could face antitrust scrutiny.

## Why it moved

Investors read the merger idea as a source of regulatory overhang and management distraction, since a combination of two Musk-led companies could draw antitrust review.

## Why it matters

Tesla sits in the Mag 7 Earnings Cycle, where investors price each company's earnings and capex plans against AI and growth expectations.

## What would break the thesis

If Musk clarifies that the merger is not being pursued, or if antitrust concerns prove minor, the overhang fades and the shares should recover.

## Sources

- [SPACEX-TESLA MERGER FLOATED BY MUSK COULD FACE ANTITRUST SCRUTINY - SEMAFOR](https://t.me/marketfeed/1063124) — MarketFeed
- [Tesla Gives Up On Cybertruck In Australia. Company Says It Will Refund All Deposits It Has Collected Since 2019 For The Troubled Truck](https://finnhub.io/api/news?id=ce988ebbf6e406dd3ca9f3171b01f75f186fcbbfea746afbf9a283bbdc8cfda3) — Yahoo
- [Big Tech's capex spending looks different this year as Meta and Tesla save for later](https://finnhub.io/api/news?id=ee49c642c63da41e428d2ee4e3b4db16b9c65637ed1448aee8b84ff76ef2a3ad) — Yahoo

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