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Tesla Cuts Capex, Robotaxi and Optimus Timelines Shift
22 Oct
Summary
- Tesla revised full-year capital expenditure guidance down to $20 billion.
- Optimus robot production aims for an annualized rate of 20,000 units weekly.
- FSD is awaiting EU-wide approval, extending beyond the initial October estimate.
Tesla has announced a revised full-year capital expenditure guidance, now set at approximately $20 billion, down from a prior estimate of over $25 billion. CFO Vaibhav Taneja attributed this adjustment to efficient capital management. Despite this revision, the company secured capacity to borrow up to $30 billion for expected growth.
CEO Elon Musk provided an updated timeline for the Optimus robot, suggesting it will take "at least a year, maybe a little longer," to achieve an annualized production rate of 20,000 units per week. Furthermore, Tesla's Full Self-Driving (FSD) system, which has received approval in multiple European countries, is now anticipated to gain EU-wide approval within a few months, later than previously projected for October.
The electric vehicle manufacturer reported third-quarter revenue of $28.0 billion against an analyst estimate of $28.3 billion, with adjusted earnings at $0.48 per share, exceeding the expected $0.45. However, both revenue and earnings saw a decrease compared to the same quarter in 2025. Tesla ended the third quarter with over $1.5 billion in positive free cash flow and more than $45 billion in cash and investments.
