Tesla cuts 2026 capex forecast to $20 billion, shares fall 2%
Tesla lowered its 2026 capital spending outlook to about $20 billion from more than $25 billion after underspending on AI and robotics in the third quarter, sending shares down 2%.
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Meta beats Q3 sales and EPS forecasts, but legal charge hits profit
Meta Platforms reported third-quarter earnings of $3.83 per share and revenue near $64.6 billion, both ahead of forecasts, while a $9.9 billion legal charge pulled operating profit far below expectations.