FeesSafety
Pluang+

Tesla shares drop 4% as profits shrink and Musk lowers sales targets amid merger uncertainty.

Market News
22 Oct 2026
24/7 Wall Street
View Source
Bearish
Tesla shares drop 4% as profits shrink and Musk lowers sales targets amid merger uncertainty.

Tesla's stock fell 4% despite beating earnings estimates due to a 42.7% profit decline, reduced capital spending, and a lowered vehicle sales target by CEO Elon Musk. The company also faces rising research costs for new technologies like autonomy and robotics, which are pressuring operating income. Meanwhile, a potential Tesla-SpaceX merger remains uncertain, with independent committees yet to agree on terms, adding to investor caution. Tesla's near-term outlook hinges on production limits and the outcome of merger talks, suggesting investors keep positions modest for now.

Tesla shares are down 3.63% at USD 372.46 as of Oct 22, 2026 20:02 WIB on Pluang, reflecting some investor caution amid profit pressures and sales target cuts. Rivian and Lucid also slipped, with Rivian down 1.61% at USD 12.26 and Lucid down 1.87% at USD 3.15. SpaceX shares fell 2.97% to USD 154.55, adding to the mixed sentiment around the potential Tesla-SpaceX merger.

More News (TSLA)

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

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, signalin...

Analyst Insights
Neutral
4 hours ago
Webull launches extended-hours options trading for select stocks and ETFs to boost trading flexibility.

Webull launches extended-hours options trading for select stocks and ETFs to boost trading flexibility.

Webull has introduced extended-hours trading for select single-stock and ETF options, allowing eligible U.S. customers to trade during pre-market (7:30 a.m. to 9:25 a.m. ET) and post-market (4:00 p.m. to 4:15 p.m. ET) sessions. This move enables trad...

Market News
Bullish
4 hours ago
Tesla aims to put Cybercabs in customers' hands by end of 2026, mostly for its own robotaxi fleet.

Tesla aims to put Cybercabs in customers' hands by end of 2026, mostly for its own robotaxi fleet.

Tesla announced a goal to have Cybercabs available to customers by the end of 2026, but these vehicles will primarily serve Tesla's own robotaxi fleet rather than private owners. Production is currently paced by regulatory approvals and robotaxi dema...

Market News
Bullish
4 hours ago
Tesla's EV sales drop 2% in Q3, energy business grows 10%, CEO Musk shifts focus to robotaxis and humanoid robots.

Tesla's EV sales drop 2% in Q3, energy business grows 10%, CEO Musk shifts focus to robotaxis and humanoid robots.

Tesla reported a 2% decline in electric vehicle sales in Q3 compared to last year, though this was still above market expectations. Meanwhile, its energy business grew nearly 10%, showing strength outside its core EV segment. CEO Elon Musk highlighte...

Company Fundamentals
Neutral
4 hours ago
Tesla rated Sell due to weak Q3 results and stalled growth despite beating expectations.

Tesla rated Sell due to weak Q3 results and stalled growth despite beating expectations.

Tesla's Q3 results showed a superficial beat of expectations, but operating income fell 56% and free cash flow was boosted by working capital, masking underlying weakness. The company's growth has stalled, with revenue growing only 3.29% annually ove...

Market News
Bearish
5 hours ago
banner-footerbanner-footer

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