Tesla shares fall 3% as earnings beat fails to sustain rally
Positive cash flow and stronger automotive margins were offset by lower investment plans and a distant Optimus timetable, the report says.
Positive cash flow and improved automotive margins provided some encouragement. However, reduced investment plans and a long-dated Optimus timetable weighed on investor appetite for the shares. An earnings beat did not sustain the rally. Lower spending supported cash flow, while expectations were shaped by robotaxis, Optimus and SpaceX.