Tesla reports $1.53 bn in free cash flow amid one-fifth cut to 2026 spending forecast
Tesla generated $1.53 billion in free cash flow in the third quarter, which exceeded market expectations.
The company's capital expenditure forecast for 2026 was cut to approximately $20 billion from over $25 billion.
Tesla's revenue was flat compared to the previous year but still surpassed estimates, while net income fell 43%.
Demand for electric vehicles rose significantly as Tesla delivered 486,532 vehicles in the quarter.
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