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Tesla, Meta and IBM report after the US close, a day after news of Tesla and SpaceX merger committees.
Wall Street heads into Wednesday split. On Tuesday the Dow rose 1% and the S&P 500 gained 0.3%, while the Nasdaq Composite was nearly flat, according to Investing.com.
Tonight the earnings season turns to big tech. Tesla, Meta and IBM report after the close. Tesla draws the most attention, after Elon Musk said Tesla and SpaceX have each set up a special committee to evaluate a potential merger.
First regular session after it narrowed its 2026 revenue forecast to $51.1 billion
Source: closing moves for 20 October from Nasdaq.com; after-hours moves from Investing.com (TSLA) and CNBC (NFLX). What to Watch: Tesla and Investing.com (TSLA), Meta (META), IBM (IBM), CNBC (NFLX).
Tonight's Key Events
Tesla reports after the SpaceX merger news
Tesla (TSLA) posts its third-quarter results after the close, with a question and answer webcast at 4:30 p.m. Central Time. Deliveries are already out: 486,532 vehicles, above the company-compiled consensus of 461,974, according to Tesla North.
On Tuesday evening, Musk said Tesla and SpaceX have each set up an independent special committee to evaluate a potential merger, though no terms are set, according to Investing.com. SpaceX itself reported third-quarter revenue up 161% year on year to $14.58 billion.
Meta Platforms (META) reports after the close, with a call at 4:30 p.m. ET, according to Meta. In July, Meta guided third-quarter revenue of $61 billion to $64 billion and 2026 capital expenditures of $130 billion to $145 billion. The report lands as investors look harder at heavy AI spending.
IBM and Netflix
IBM (IBM) holds its third-quarter call at 5:00 p.m. ET. In July, IBM expected 2026 revenue growth of 4% to 5% at constant currency. Meanwhile, Netflix (NFLX) fell about 6% after hours after it narrowed its 2026 revenue forecast to $51.1 billion, below Wall Street's $51.2 billion estimate, according to CNBC.
Pre-Market Pulse 📊
As of 9:25 p.m. ET on Tuesday, S&P 500 futures were up 0.3% at 7,776.75, Nasdaq 100 futures were up 1% at 29,955.75 and Dow futures were flat, according to Investing.com. Beyond the watchlist, Super Micro Computer rose 16% after hours after it forecast quarterly revenue and gross margins well above its previous guidance.
Macro Note 📝
Crude oil touched six-month highs on worries about supply disruptions in the Middle East, then eased on Tuesday, according to Investing.com.
Conclusion
Tonight three big tech companies report back to back after the close. For Tesla, the SpaceX merger news adds one more thing to listen for beyond the earnings figures.
For Meta, the capital spending number is the part of the report the market is watching most closely.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
