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via theinformation.comMarkets

Tesla shares fall 3% after cutting capital spending

FROM THE WIRE · THEINFORMATION.COM

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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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA mega-cap stock falls despite an unexpected positive free cash flow.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Tesla reported flat revenue of $28 billion for the quarter.
  2. 02The company posted positive free cash flow of $1.53 billion.
  3. 03Analysts had forecast a cash burn of $4.92 billion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Tesla, Inc.TSLAStock378.11 USD-0.29%today -2.16%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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