Tesla, Inc., reported Q3 revenue down 0.1% Y/Y, missing estimates despite higher deliveries and beating EPS expectations by $0.03. TSLA faces core business challenges: operating income fell 56% Y/Y, regulatory credit revenue declined 76% Y/Y, and key growth products remain delayed or uncertain. Speculation around a SpaceX merger is unlikely to resolve Tesla's fundamental issues and may dilute existing shareholders through a stock transaction.
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