Tesla reported adjusted earnings slightly above expectations, yet its shares fell about 3% in after-hours trading, TradingView reported.
Investors reacted to weaker margins and a scaled-back investment plan that clouded the outlook for the company’s AI and robotics ambitions.
Adjusted earnings were 48 cents per share versus 45 cents expected, while revenue came in at $28.05 billion, TradingView said.
Reported net income fell 43% to $787 million, and operating profit declined 56% to $718 million, leaving operating margin at 2.6% compared with 5.8% a year earlier.
Management cut its annual capital spending forecast to $20 billion from more than $25 billion, a move that strengthened near-term cash flow but raised questions about investment timing.
Free cash flow returned to $1.53 billion after operating cash flow of $6.26 billion exceeded capital spending of $4.73 billion, even as total spending more than doubled year on year.
Automotive performance showed some resilience, with deliveries of 486,532 vehicles against production of 464,391 and automotive gross margin excluding regulatory credits rising to 18.1% from 15.4%.
Tesla said it expects to offer Cybercab robotaxis to the public by year end and targeted commercial Optimus deliveries around the end of 2027, with production pacing to follow.
Federal regulators are reviewing the steering-wheel-free vehicle’s compliance, and Tesla said a potential SpaceX merger remains under evaluation by independent committees with no agreed terms.
Market Reaction And Broader Risk Sentiment
Cryptocurrency markets pulled back in tandem with tech futures after the earnings news, BigGo Finance reported, feeding a wider risk-off mood across markets.
Bitcoin briefly touched roughly $84,800 before reversing and trading near $82,800 in early Asian sessions, slipping more than $2,000 within about six hours, BigGo Finance said.
Traders focused on an $82,500 support level, with some observers warning that a decisive break could open the way toward substantially lower prices.
After-hours moves in US names weighed on sentiment, with Tesla shares down, chip equipment maker Lam Research sliding about 7% on weak guidance, Nasdaq 100 futures down roughly 1.1% and S&P 500 futures lower.
Spot Bitcoin ETFs continued to attract inflows in recent sessions, though fund flows moderated from previous peaks, BigGo Finance reported, and CoinDesk data showed mixed performance across major tokens.
ZEC led gains, rising nearly 3% to about $1,290, while HYPE fell about 3% to $79 and other major tokens registered modest declines, CoinDesk data indicated.
Asian markets felt the spillover, with South Korea’s KOSPI and China’s CSI 300 sliding and Taiwan’s markets swinging sharply amid broad selling, according to BigGo Finance.
