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<video:title>Tesla Formed a Committee to Explore a SpaceX Deal</video:title>
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<video:description>Page 41 of Tesla's 10-Q, filed October 22, 2026: the board formed a special committee of disinterested directors to explore deepening Tesla's relationship with SpaceX, which could include a business combination. The earnings release, filed the day before, mentions SpaceX only in its financial tables. The 10-Q also shows $447 million of net tariff refunds in the quarter and a $475 million reversal of regulatory credits revenue. Every number is sourced to the filing, with the math shown.</video:description>
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