TechThe Information1h ago
Tesla Shares Fall 3% After Cutting Capital Spending
TL;DRTesla's revenue stalled but free cash flow improved; stock dropped on capex cuts.
Why it matters: Lower spending signals growth slowdown concerns despite positive cash position.
Tesla reported flat revenue while surprising analysts by reporting free cash flow for its third quarter. On Wednesday, the company said its revenue for the period was $28 billion, unchanged from a year earlier. Instead of burning $4.92 billion in cash for the quarter, as…
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