Tesla shares were down 1.8% in after-hours trading.
Revenue is flat on the year as net income dives 43%; adjusted earnings top Wall Street expectations Read more at The Business Times.
Tesla's shares fell 2% on Thursday after the EV maker cut its capital spending forecast, raising concerns among investors counting on heavy investment for Elon Musk's AI and robotics vision.
Tesla earned $787 million last quarter, down from $1.37 billion, as spending on robots and self-driving cars soared. Optimus is in production, and Tesla aims to get Cybercabs to customers by year-end.
Tesla shares fell almost 4% in pre-market trading after the car maker cut its capital expenditure target by USD5 billion ($7.1 billion).
Tesla reports third-quarter earnings after the market closes on Wednesday. Analysts expect a drop in both earnings and revenue.
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