Tesla shares reversed after-hours gains and were trading about 4% lower after the company cut its full-year capital expenditure guidance to roughly $20 billion from more than $25 billion. Revenue of $28.0 billion missed the $28.3 billion estimate, while adjusted EPS of $0.48 beat the $0.45 forecast; both declined from a year earlier. Tesla secured capacity to borrow up to $30 billion but does not plan to draw on it this calendar year, and ended Q3 with free cash flow over $1.5 billion and more than $45 billion in cash and investments. Musk said Optimus production has begun in Fremont, but reaching 20,000 units a week could take at least a year, while the company plans to bring Cybercab to Dallas next and sees a path to charging $0.30 per mile for robotaxi rides. TSLA stock has dropped 14% year-to-date.
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Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/21/2026 | 386.55 |
| Change that session | +3.44% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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