Tesla reports $1.53 bn in free cash flow amid one-fifth cut to 2026 spending forecast

Tesla generated $1.53 billion in free cash flow in the third quarter, which exceeded market expectations. The company's capital expenditure forecast for 2026 was cut to approximately $20 billion from over $25 billion. Tesla's revenue was flat compared to the previous year but still surpassed estimates, while net income fell 43%. Demand for electric vehicles rose significantly as Tesla delivered 486,532 vehicles in the quarter.