Tesla earnings update: lower capital-spending guidance adds to Q3 details
An October 22 report says Tesla reduced its full-year capital-expenditure guidance to approximately $20 billion, with quarterly spending below expectations. Its automotive gross margin excluding regulatory credits recovered to around 18.1%. The report also says energy-business revenue declined and battery supply constraints were cited as one production bottleneck.
These details add to the previously reported third-quarter earnings figures rather than describing a new reporting period. The account says North American paid FSD subscription attachment for new vehicles exceeded 75%, significantly above the previous quarter. That metric refers to new-vehicle subscription attachment, not the share of all Tesla owners using FSD. Lower planned spending is a guidance change, while the reported production constraint and revenue decline describe separate aspects of the business; none establishes the outcome of future autonomous-driving or robotaxi plans.
Reported: 10-22 01:21 UTC
#EarningsSeason #ZcashDevelopersConfirmNovemberDateForNU7Upgrade #OCCIssuesFirstFinalRuleUnderGENIUSAct