Tesla and Meta post Q3 earnings; Tesla cuts capex, Meta approves 2‑for‑1 split
+1 new source since this summary was written
Tesla reported Q3 adjusted earnings of 48 cents per share on revenue of $28.05 billion, but its shares fell after the company cut full‑year capital‑expenditure guidance to about $20 billion, down from more than $25 billion. Meta posted Q3 revenue of $64.6 billion, up 26% year‑over‑year, and earnings of $3.83 per share, missing estimates because of a $9.89 billion legal charge, while its board approved a one‑time dividend that effectively creates a 2‑for‑1 stock split. U.S. stock futures slipped overnight as investors digested the mixed results.
Why it matters
The capex reduction signals lower near‑term spending for Tesla, which may affect its growth outlook and supplier demand. Meta’s split approval could increase share liquidity and attract new investors, while the legal charge highlights a sizable cost burden.
Key facts
- 1Tesla reported adjusted earnings of 48 cents per share for Q3. investing.com
- 2Tesla revenue was $28.05 billion for Q3. investing.com
- 3Meta reported Q3 revenue of $64.6 billion, up 26% year‑over‑year. finance.yahoo.com
- 4Meta earnings per share were $3.83, missing the $5.46 estimate because of a $9.89 billion legal charge. finance.yahoo.com
- 5Meta's board approved a one‑time stock dividend that functions as a 2‑for‑1 split. finance.yahoo.com
- 6Tesla cut full‑year capital‑expenditure guidance to about $20 billion from more than $25 billion. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.