Tesla shares slip after capex cut raises doubts over Musk's AI and robotics push - Reuters — SkimNews
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- Tesla shares fell roughly 4% after profits shrank and capex was cut, prompting doubts about Musk's AI and robotics investment plans
- Tesla beat earnings and sales estimates even as auto revenue declined, while the New York Times reports the company is weighing a merger with SpaceX
Why it matters: Tesla's profit slump and capex cut landed on the same day: the company beat headline numbers but auto revenue declined, and trimming the spending behind Musk's AI and robotics bet is the story now driving shares down 4%.
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