Daily Market Updates: Tesla shares fall 4% in pre-market after capex forecast cut: Is Elon Musk’s AI and robotics ambition facing a setback?

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At close · Thu, Oct 22, 2026

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Tesla shares fall 4% in pre-market after capex forecast cut: Is Elon Musk’s AI and robotics ambition facing a setback?

Reported · Written up by our desk · North America

Tesla shares fell 4% in pre-market trading after the company cut its annual capex forecast to about $20 billion from more than $25 billion.

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LiveMint MarketsTesla shares fall 4% in pre-market after capex forecast cut: Is Elon Musk’s AI and robotics ambition facing a setback?

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