TradingKey – On Tuesday, Tesla (NASDAQ: TSLA) stock rose 1.54% to close around $373.71 price level on Oct 20, then pushed to about $380 after hours. This surge in price came from merger news instead of any developments from a car business. Whereas, Elon Musk also confirmed that both, Tesla and SpaceX, have formed special committees of independent directors to evaluate a merger. Even following the recent bounce in prices, the TSLA stock price is still approx 25% below its 52 week high of $498.83.

For TSLA, it’s an unusual earnings night as Tesla is due to report Q3 results after the close today, Wednesday, October 21, with a webcast schedule at 5:30 p.m. ET. In my opinion, the TSLA stock has a potential to react as much to what Musk…