Tesla spent $4.73 billion on capital expenditures in Q3, more than double the $2.25 billion a year earlier but below the roughly $7.5 billion Wall Street expected. The company cut its full-year capex forecast from more than $25 billion to about $20 billion, which is still more than twice the $8.53 billion spent in 2025. Spending is going to AI computing infrastructure at its Gigafactory outside Austin, Cybercab and robotaxi fleet, Optimus production at Fremont, and the Megafactory in Brookshire, Texas, with a planned capacity of 50 gigawatt-hours a year. In Q3, operating cash flow was $6.26 billion and free cash flow was $1.53 billion, with about $45.4 billion in cash and investments, although net income fell 43% to $787 million on revenue of $28.1 billion. The article suggests slower investment helps cash management but could delay product commercialization.
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/27/2026 | 407.46 |
| Change that session | +4.04% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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