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Meta’s revenue beat; Tesla’s lower annual sales goal - what’s moving markets

U.S. stock index futures slipped as investors digested earnings from Meta Platforms and Tesla. Meta shares edged higher after hours on revenue above expectations and guidance for the current quarter of $73 billion to $76 billion, and the company also plans a new class of nonvoting stock to fund its AI push and narrowed its capital expenditure forecast to $135 billion to $145 billion. Tesla shares fell after it cut its annual sales goal for the end of the decade to 5 million vehicles from 20 million, while some insiders reportedly worried about regulatory scrutiny of a possible SpaceX merger. By 03:08 ET, S&P 500 futures were down 1.0%, Nasdaq 100 futures were down 1.7% and Dow futures were down 0.5%. Truist projections cited by the Wall Street Journal suggest Muse could add $28.5 billion in incremental revenue by 2030.

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METATSLAearningsS&P 500

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Related tickers and likely impact

META

▲ Likely positive

Meta Platforms

Relevance: high

MarketUS stocks
SectorCommunication Services
IndustryInteractive Media & Services
Market cap$1.9T
Close on 10/21/2026698.43
Change that session+0.60%
META price, forecasts and signals →

TSLA

▼ Likely negative

Tesla, Inc.

Relevance: medium

MarketUS stocks
SectorConsumer Discretionary
IndustryAutomobile Manufacturers
Market cap$1.4T
Close on 10/21/2026386.55
Change that session+3.44%
TSLA price, forecasts and signals →

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