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Tesla (TSLA) quietly cuts 2026 capex guidance to $20B
Tesla’s Q3 10-Q lowers 2026 capex guidance from over $25B to over $20B. Here’s where its $1.5B of Q3 free cash flow actually came from.
Summary
Tesla has lowered its 2026 capital spending forecast. In its Q3 10-Q, the company now says it expects capital expenditures “to be in excess of $20 billion in 2026,” down from the “more than $25 billion” it had guided since April. The change was in the 10-Q Tesla filed Wednesday, not in the shareholder letter it released the same day.
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