Wall Street expected $Tesla(TSLA.US) to BURN $4.92 billion of cash in Q3

It generated +$1.53 billion instead

Capex came in at $4.73 billion vs $7.96 billion expected, and $Tesla(TSLA.US) cut its full-year capex guide to $20 billion from $25 billion

Adjusted EPS was $0.48 vs $0.44 expected, while revenue was flat at $28.05 billion

The weak spot is margins, with operating margin falling to 2.6% from 5.8% a year ago and GAAP net income down to $787 million from $1.37 billion

Optimus production has started in Fremont and Cybercabs launch in Dallas next month

Same night $Meta Platforms(META.US) posted its first negative free cash flow since 2012, so $Tesla(TSLA.US) spending less than feared stands out, but nearly $4 billion of extra unpaid supplier bills helped the cash number and that timing boost will not repeat every quarter

Source: StockMarket.News