TSLA Stock Falls Another 3.6% as Tesla’s 1.74 Million FSD…
By Tobi Opeyemi Amure
AI summary of the source article
Tesla shares fell 3.62% in pre-market trading despite beating third-quarter earnings expectations at $0.48 per share. The decline followed a 62% year-over-year drop in free cash flow to $1.53 billion and questions surrounding FSD subscription metrics.
Why it matters
The text states that "cash is leaving through Robotaxi, Optimus and semiconductor capacity faster than the margin recovery replaces it, which is why a beat produced a fall in TSLA stock."
Key facts
- Tesla reported third-quarter non-GAAP earnings of $0.48 per share, beating the $0.45 consensus on revenue of about $28.05 billion.
- Free cash flow fell 62% year over year to $1.53 billion as quarterly capital spending reached $4.73 billion.
- Tesla confirmed it formed an independent special committee to evaluate an early-stage combination with SpaceX.
Source excerpt · FinanceFeeds
TSLA stock fell 3.62% to $372.48 in pre-market trade on Thursday, extending the decline that began when Tesla’s third quarter numbers landed after Wednesday’s close. The shares had risen 3.41% to $386.47 during the session before the print, after closing at $373.71 on Tuesday ahead of the results . The headline number was a beat, and the market sold it inside twelve hours. Non-GAAP earnings of $0.…