Tesla-SpaceX merger may trigger capital gains tax for Korean investors, even if they do not sell

TSLA stock declined overnight amid uncertainty over a SpaceX merger vote. Analysts estimate 65%-75% of remaining votes need to favor the merger. Tesla received 14-month customs approval for its Texas Megapack factory. Retail sentiment on Stocktwits is extremely bearish, with TSLA down about 10% YTD, lagging its 'Magnificent Seven' peers.

Samsung Foundry's utilization rate reached 80% in Q1 2026, its highest in over a year, according to industry data. The division posted its first profitable month in three years in June 2026, driven by a $16.5B Tesla contract and renewed talks with Qualcomm for 2nm chips. Samsung is preparing additional capacity for Tesla's AI6 chip production in Texas, with supply expected from 2027. Qualcomm is evaluating Samsung's 2nm process for future processors, though no contract is signed yet.

Tesla received federal approval for production activities at its Texas Megafactory under the Foreign-Trade Zones program. The authorization, valid for 14 months, allows deferred customs duties on imported components. The facility is part of FTZ 84 in the Houston area, enabling potential cost savings for battery storage manufacturing.

The Nasdaq Composite fell 1.07% to 25,164.36 on 2 November 2026, reversing an early rally. Tech stocks led losses, with Oracle down 8% after a $20B capital raise, AMD and Micron also declining. Marvell and Lumentum fell sharply after their $115B merger deal. Apple reported earnings but slipped 1% after hours. Investors are concerned about AI spending and growth.

Green energy companies show mixed results, with Bloom Energy (BE) reporting strong Q3 2026 growth and profitability, while others face challenges. First Solar (FSLR) maintained profitability despite revenue declines. Utilities like NextEra Energy (NEE) deliver steady profits with rising margins. Oil majors, including ExxonMobil (XOM) and Chevron (CVX), remain highly profitable but face cyclical pressures. Investors see varying risk-return profiles across sectors.

ZET Scale, a shipper alliance, ordered 2,500 Tesla electric Class 8 trucks, the largest U.S. order of its kind. The alliance pools demand from major shippers to make electric trucks cost-competitive with diesel. Tesla was chosen for its price, performance, and production capacity, according to Cristiano Façanha from Smart Freight Centre.