Tesla (TSLA) shares fell 2% on Thursday, a day after the company cut its 2026 capital spending forecast to about $20 billion from more than $25 billion. Tesla spent far less than expected on AI and robotics in Q3, producing a surprise positive free cash flow of over $1.5 billion. Management said spending will keep rising over the next few years for Robotaxi, Optimus, solar manufacturing, compute and a chip fab, so the 2026 cut looks more like timing than a change in direction. eToro analyst Josh Gilbert said a bigger budget is welcome if returns follow, while a smaller one can hint at slower growth, and Tesla stock is down about 15% this year while the Nasdaq is up roughly 15%. Tesla and SpaceX have formed special committees to discuss a possible combination that could create a company worth about $3.5 trillion.
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TSLAelectric vehiclesmergers and acquisitionsElon Musk
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Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/23/2026 | 372.21 |
| Change that session | -0.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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