Tesla stock price rises as SpaceX merger chatter meets Tesla’s $20 billion spending push
Tesla shares rose 2% to $424.89 Friday morning, rebounding after Thursday’s 3.45% drop. The company plans to more than double 2026 capital spending past $20 billion, targeting robotaxis, humanoid robots, and new production lines. Tesla ended 2025 with $44.06 billion in cash and investments. SpaceX is reportedly in talks to merge with xAI, with a Tesla merger also under consideration.