Tesla stock tumbles 14% after profit miss; full-year capex spend of $25 billion confirmed - Yahoo Finance
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- Tesla stock fell 14% after the company reported a quarterly profit miss
- Tesla confirmed a full-year capital expenditure plan of $25 billion
- Tesla's quarterly free cash flow turned negative while margins slid
- Tesla shed $201 billion in market capitalization in the selloff
- Elon Musk is pivoting Tesla beyond cars, with the core automotive engine under strain
Why it matters: A $201 billion single-session market cap loss — paired with negative free cash flow and a $25 billion annual capex commitment — shows investors are punishing Tesla's weakening core auto business just as Musk doubles down on the robotaxi and AI pivot. The spending number reveals how expensive that strategic bet really is.