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Cranberry Journal

Saturday, November 7, 2026

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Markets
  • S&P 5007,376.86+0.32%
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  • Dow51,285.73−0.46%
  • 10-yr yield4.86%+0.46%
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At the close · Nov 7

Tesla

Tagged stories

An aerial view of a long white factory building with a red stripe and solar panels on its roof, beside a large car park, in a desert valley with snow-capped hills behind.
Technology

Tesla Spent $4.73 Billion on Capital Projects Against a Forecast of $7.94 Billion. It Has Cut This Year's Budget to $20 Billion From More Than $25 Billion.

Tesla said on Wednesday 21 October that third-quarter capital spending was $4.73 billion and free cash flow was positive $1.53 billion, against S&P Global Market Intelligence forecasts of $7.94 billion and negative $4.09 billion. On the earnings call it cut its 2026 capital spending guidance to about $20 billion from more than $25 billion. Revenue was flat at $28.05 billion and GAAP operating income fell 55.8 per cent.

By Alison Acosta  

An aerial view of a coastal launch site with a tall stainless-steel rocket standing beside tank farms and buildings, with tidal flats and the sea beyond.
Business

SpaceX Earned $4.4 Billion in the Third Quarter, $1.6 Billion of It Outside Operations. Musk Says SpaceX and Tesla Have Each Formed a Merger Committee.

SpaceX said on Tuesday 20 October that third-quarter revenue rose 161 per cent to $14.575 billion and net income was $4.404 billion, against a loss a year earlier. On the earnings call, Elon Musk said he thinks SpaceX and Tesla have each formed a special committee to discuss combining. Neither company has announced the committees or filed anything about them, and no terms exist.

By Alison Acosta  

A long grey concrete factory building with two bands of windows, seen across a road and a strip of tall grass under a hazy sky.
Technology

Tesla Reports on Wednesday With Capital Spending Forecast at $7.94 Billion, Up 253 Per Cent. Analysts Expect Free Cash Flow of Negative $4.09 Billion.

Tesla reports third-quarter results after the close on Wednesday 21 October, with a webcast at 5:30 p.m. Eastern. S&P Global Market Intelligence's consensus has capital spending at $7.94 billion and free cash flow at negative $4.09 billion, against roughly positive $4 billion a year earlier. Those are forecasts, not results.

By Alison Acosta  

A white Tesla Model 3 parked on a mountain road
Business

Tesla Beat Deliveries and Still Sold Fewer Cars

Tesla delivered 486,532 vehicles in the third quarter, beating Wall Street's estimate by 5.3 percent. It also delivered 2.1 percent fewer cars than a year ago. At 340 times trailing earnings, the stock is priced for a future the car business cannot deliver alone.

By Cory Chamberlain