Tesla's $20B Capex Cut 2026: 5 Stakes for Cybercab & Optimus
Musk Just Cut Tesla's 2026 Spending by $5 Billion — and Wall Street Is Spooked Co-produced by Daniel Aharonoff and DigitalDan As the chief editor of tesladan.me, I have watched Tesla shrug off earnings-day scares for years. But this one is different. On Wednesday night, Tesla posted a genuine third-quarter beat — 48 cents of adjusted earnings per share, a surprise $1.53 billion in free cash flow, and the second straight quarter of selling more cars than it built. Then, on the same call, Elon Musk quietly announced that Tesla's 2026 capital spending will come in at roughly $20 billion instead of the previously expected more than $25 billion. And on Thursday morning, Wall Street did what it always does when a growth story hits the brakes: it sold. TSLA tumbled as much as 5% in premarket trading, headed for its worst single-day drop in nearly seven weeks, and closed the session down more than 3% near $374 a share. Here is the wild part: the beat didn't matter. Investors w...

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