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Summary
Tesla (TSLA) gained $6.61 (+1.69%) to close at $397.45 on November 12, 2026, while the Nasdaq Composite fell 0.39%.
Stocktwits tied the climb to a Bloomberg report that SpaceX and Tesla are working through merger terms, with an announcement possible as soon as December.
Musk has said there is no guarantee of a deal, and separating Tesla's China manufacturing from SpaceX's defense work is a reported obstacle.
Gotrade News - In the latest Tesla stock news, shares of Tesla (TSLA) gained $6.61 (+1.69%) to close at $397.45 on Thursday, November 12, 2026, even as the Nasdaq Composite slipped 0.39%.
Tesla stock climbed after Bloomberg reported that SpaceX and Tesla are advancing talks on a possible merger that could be announced as soon as December, according to Stocktwits.
TSLA Trading Data
Data
Value
Closing price
$397.45
Change
+$6.61 (+1.69%)
Previous close
$390.84
Open
$386.36
Day range
$385.20 to $401.22
Volume
29.2 million shares
30-day average volume
37.8 million shares
52-week range
$297.38 to $498.83
Market cap
$1.57 trillion
Regular-session close on Thursday, November 12, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 13, 2025. Indices: Yahoo Finance daily closes for the same date.
Tesla opened lower at $386.36 and touched a session low of $385.20 before recovering to a high of $401.22. It finished $12.25 above the day's low. Volume came in at 29.2 million shares, 22.84% below the average of 37.8 million shares.
The gain came on a down day for the broader market. The Nasdaq Composite fell 0.39% to 25,366.09, the S&P 500 lost 0.35% to 7,592.40 and the Dow Jones Industrial Average slipped 0.36% to 52,297.09, leaving Tesla 2.08 percentage points ahead of the Nasdaq. According to Investor's Business Daily, the market held up despite Nvidia CEO Jensen Huang's exit and surging yields, and Nvidia (NVDA) fell 4.34%.
Among Musk-linked and EV names, SpaceX (SPCX) edged up 0.14% after giving back an intraday gain, per Stocktwits, while Rivian (RIVN) fell 5.47%. At its close, Tesla sits 20.32% below its 52-week high of $498.83 and 33.65% above its 52-week low of $297.38.
Why Tesla Stock Rose
According to Stocktwits, which tied the climb to the merger reports, Bloomberg reported on November 12 that SpaceX and Tesla are working through the terms of a potential tie-up, including the structure of the combined company and its governance arrangements, citing people familiar with the matter. The report said an announcement could come as soon as December, though the companies have also considered a scenario in which it slips into early 2027.
As reported by Electrek, which published its story at 12:39 p.m. Pacific time on November 12, before the close, the talks have become a negotiation over price and control, with boards and advisers on both sides involved. One open question is how many SpaceX shares Tesla investors would receive. Electrek put SpaceX's value at over $1.9 trillion and said a deal would be the largest merger ever. Neither company commented.
The report builds on comments Musk made in October, when he said the boards of both companies had formed special committees of independent directors to evaluate a combination, according to Stocktwits.
TSLA Stock Analysis: Supporting Factors and Risks
Supporting Factors
Bloomberg's report, as relayed by Stocktwits, describes talks that have moved on to the structure and governance of a combined company, with a possible announcement as soon as December.
Both companies have special committees of independent directors evaluating a combination, according to Musk's October comments cited by Stocktwits.
Tesla closed 2.08 percentage points ahead of the Nasdaq Composite on a day when all three major US indices fell.
Risks
Musk has said there is "no guarantee" of a deal and that he is not part of the discussions because he is CEO of both companies, per Stocktwits.
Dealmakers would need to separate Tesla's China manufacturing from SpaceX's US government and defense work, which a JPMorgan analyst called "key dynamics that are at odds with each other," according to Electrek.
Democrats, who took control of Congress in the midterms, have pledged closer scrutiny of Musk's businesses, Stocktwits reported.
The report relies on unnamed sources, and its timing could slip into early 2027.
Tesla's next scheduled event is its shareholder meeting on December 3, which Electrek said includes the re-election of directors who would sign off on a deal.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
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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.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
