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Tesla Faces Financial Strain Amid AI Ambitions and SpaceX Deal Uncertainty

Tesla Faces Financial Strain Amid AI Ambitions and SpaceX Deal Uncertainty

Tesla cuts spending before potential SpaceX deal even as Musk bets future on AI, robots
Tesla cuts spending before potential SpaceX deal even as Musk bets future on AI, robots

Revenue is flat on the year as net income dives 43%; adjusted earnings top Wall Street expectations Read more at The Business Times.

Tesla shares slip after capex cut raises doubts over Musk's AI and robotics push
Tesla shares slip after capex cut raises doubts over Musk's AI and robotics push

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's Profit Drops 43% as Musk Starts Building Robots and Plans to Sell Driverless Cabs
Tesla's Profit Drops 43% as Musk Starts Building Robots and Plans to Sell Driverless Cabs

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 slide after cutting capex target
Tesla shares slide after cutting capex target

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 Expects A Down Quarter Amid SpaceX Merger And Robotaxi, Optimus Delays
Tesla Expects A Down Quarter Amid SpaceX Merger And Robotaxi, Optimus Delays

Tesla reports third-quarter earnings after the market closes on Wednesday. Analysts expect a drop in both earnings and revenue.

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