TradingKey – Tesla (TSLA) closed at $386.47 on Wednesday, up 3.41% ahead of its Q3 report. Shares moved up about 2% with the release, but trended down during the call and ended down about 3.3% to $373.60. Selling continued after hours and quotes at $369.75 showed shares moving down to that level.
Tesla beat the Q3 estimates on adjusted EPS, margins and free cash flow improved, and the 2026 capex plan was cut to about $20 billion. Nothing moved the stock as operating income still fell 56%, and no new info was given about the SpaceX merger.
Q3 Beat on EPS, but Operating Income Fell 56%
Revenue was $28.05 billion, relatively flat from the year prior and close to the $28 billion consensus. Adjusted EPS was $0.48 and beat the $0.45 estimate….
