Tesla is trading 5.30% down at $366.00 after Q3 results and a lower investment outlook.
- Tesla cut its 2026 capital-expenditure forecast to approximately $20 billion from more than $25 billion.
- Q3 spending was below analyst expectations, raising concerns about the pace of its AI and robotics ambitions.
- U.S. futures and major indexes are lower amid renewed concerns about AI spending and geopolitical tensions; Tesla gained 3.41% in the October 21 session before this pre-market decline.