Tesla shares fell more than 3% in after-hours trading on Wednesday, reversing an initial gain of about 2% following its third-quarter earnings announcement, as investors assessed lower capital expenditure guidance and a measured timeline for scaling its Optimus humanoid robot. The electric vehicle maker reported positive free cash flow for the quarter, beating expectations, but its decision to reduce planned investment raised questions about the pace of spending on artificial intelligence, robotaxis and robotics, which underpin its longer-term growth strategy.
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