Tesla closes down 3% day after earnings as spending pullback clouds AI push
Tesla shares closed Oct 22 at about $374.6, down roughly 3.1% from the $386.47 prior close — a lowered capex target overshadowed the cash-flow turn and fueled doubts over Musk's AI and robotics push.
Reuters reported that Tesla shares fell as a spending pullback clouds its AI and robotics ambitions; Bloomberg ran a same-day piece on the lowered capex target fueling doubt over AI and robotics goals.
The Oct 22 regular-session close was about $374.6, roughly 3.1% below the prior close of $386.47. The prior evening's report showed EPS above consensus and free cash flow turning positive, yet attention shifted to what reduced spending means for the growth story.
Barron's said weak profits outweighed Musk's bold robotaxi claims, while CNBC rounded up analyst reactions to the post-earnings slide. Specific capex figures were not confirmed in this review.
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