BREAKING: $TSLA Slides 5% Pre-Market Despite Q3 Beat — Here's Why! 📉
Tesla stock down 5% in premarket Thursday after Q3 2026 results. Yes, it BEAT estimates — Adjusted EPS $0.48 vs $0.43 est. Revenue $28.05B vs $27.90B est. — but investors dumped it anyway.
3 reasons for slide:
Capex CUT: FY 2026 capex cut to $20B from $25-27B range. Q3 capex only $4.7B vs $7.5B expected. Tesla says capital efficiency, but investors see delayed AI/robotics buildout.
Core weakness: Net income fell to $787M. Automotive revenue DOWN 3% YoY. Lower ASPs and battery limits hurting.
Merger mess: No new update on SpaceX merger despite special committees formed. Reuters says Musk's public endorsement created mess, more scrutiny. SpaceX also down 3% premarket.
Positives: Gross margin 18.1%, largest backlog in 4 years, free cash flow $1.53B.
JPMorgan: Merger chatter will continue pressuring price. Target $404.87 (4.76% upside). Moderate Buy rating (14 Buys, 11 Holds, 2 Sells).
Buy the dip?
$TSLA - Direct play, 5% slide despite beat
$SPCX - SpaceX stock also down 3% on merger uncertainty
$BTC - Tesla holds 11,509 BTC treasury, correlated risk
#Tesla #TSLA #StockMarket #Earnings #ElonMusk#teslaslides5%premarket
Tesla stock down 5% in premarket Thursday after Q3 2026 results. Yes, it BEAT estimates — Adjusted EPS $0.48 vs $0.43 est. Revenue $28.05B vs $27.90B est. — but investors dumped it anyway.
3 reasons for slide:
Capex CUT: FY 2026 capex cut to $20B from $25-27B range. Q3 capex only $4.7B vs $7.5B expected. Tesla says capital efficiency, but investors see delayed AI/robotics buildout.
Core weakness: Net income fell to $787M. Automotive revenue DOWN 3% YoY. Lower ASPs and battery limits hurting.
Merger mess: No new update on SpaceX merger despite special committees formed. Reuters says Musk's public endorsement created mess, more scrutiny. SpaceX also down 3% premarket.
Positives: Gross margin 18.1%, largest backlog in 4 years, free cash flow $1.53B.
JPMorgan: Merger chatter will continue pressuring price. Target $404.87 (4.76% upside). Moderate Buy rating (14 Buys, 11 Holds, 2 Sells).
Buy the dip?
$TSLA - Direct play, 5% slide despite beat
$SPCX - SpaceX stock also down 3% on merger uncertainty
$BTC - Tesla holds 11,509 BTC treasury, correlated risk
#Tesla #TSLA #StockMarket #Earnings #ElonMusk#teslaslides5%premarket