FeesSafety
Pluang+

Tesla cuts capital spending guidance, shares drop after Q3 earnings despite strong cash flow

Analyst Insights
22 Oct 2026
Andrew Wynn
View Source
Neutral
Tesla cuts capital spending guidance, shares drop after Q3 earnings despite strong cash flow

Tesla reported third-quarter earnings with free cash flow exceeding expectations, but shares fell after hours despite an initial gain. The company lowered its full-year capital expenditure forecast to about $20 billion from over $25 billion, signaling more efficient spending but raising concerns about future investments in AI, robotics, and robotaxis. UBS analyst Joseph Spak set a $425 price target, about 10% above the current price. Growth in Full Self-Driving subscriptions and miles driven remains strong, but investors seek more clarity on Tesla's long-term spending plans, including the development of its Optimus humanoid robot.

As of Oct 22, 2026 18:11 WIB, Tesla shares trade at USD 372.83 on Pluang, down 3.53% for the day. The stock's market cap stands at $1.53 trillion with a volume of 44,779,790 shares traded. Despite UBS setting a $425 target, Pluang investors are currently selling, with 76% of order activity leaning to sell and only 24% to buy.

More News (TSLA)

Tesla to sell autonomous Cybercab by year-end amid safety probe

Tesla to sell autonomous Cybercab by year-end amid safety probe

Tesla announced it will start selling its autonomous Cybercab, a two-seater without traditional controls, to customers by the end of the year. The vehicle is designed primarily for ride-hailing services and will initially be part of Tesla's own robot...

Market News
Neutral
15 hours ago
Tesla's Q3 shows weak financials despite tech advances; stock seen as overvalued with Sell rating.

Tesla's Q3 shows weak financials despite tech advances; stock seen as overvalued with Sell rating.

Tesla's Q3 financial results were disappointing, with flat revenue, declining automotive sales, and a drop in operating margin to 2.6%, driven by rising R&D and stock-based compensation costs. While Tesla's technology demonstrations, including the Fu...

Analyst Insights
Bearish
15 hours ago
Tesla shares drop as Elon Musk offers no update on SpaceX merger during earnings call

Tesla shares drop as Elon Musk offers no update on SpaceX merger during earnings call

During Tesla's Q3 earnings call, CEO Elon Musk declined to provide any new information regarding a potential merger with SpaceX, leaving investors uncertain. The company’s head of investor relations, Travis Axelrod, explicitly stated that no question...

Company Fundamentals
Bearish
15 hours ago
Tesla Q3 revenue dips 0.1% YoY, misses estimates despite higher deliveries, EPS beats by $0.03

Tesla Q3 revenue dips 0.1% YoY, misses estimates despite higher deliveries, EPS beats by $0.03

Tesla reported a slight 0.1% year-over-year decline in Q3 revenue, missing analyst estimates despite an increase in vehicle deliveries. The company’s operating income dropped 56% YoY, and regulatory credit revenue fell 76%, signaling core business ch...

Company Fundamentals
Bearish
16 hours ago
Tesla's Q3 revenues and margins fall, challenging its high valuation and growth outlook

Tesla's Q3 revenues and margins fall, challenging its high valuation and growth outlook

Tesla reported declining revenues and operating margins in Q3, with both its automobile and energy segments showing year-over-year revenue drops despite favorable market conditions like high fossil fuel prices. The operating margin was cut in half to...

Company Fundamentals
Bearish
17 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App