Tesla is trading 3.06% down at $374.64 after investors reacted to its earnings and reduced spending outlook.
- Management cut its 2026 capital-expenditure forecast to about $20 billion from more than $25 billion, raising concerns about the pace of AI and robotics investment.
- Bloomberg reported the lower plan clouded those ambitions; broader technology weakness and higher oil prices also pressured shares.
- Shares were described as volatile following the results.