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Story summary
- Tesla missed Wall Street forecasts for third-quarter capital spending.
- The company reported Q3 capital expenditures of $4.73 billion.
- Analysts had projected $7.95 billion for the same quarter.
- CFO Vaibhav Taneja said the 2026 capex target was cut to $20 billion, down from over $25 billion.
- Tesla invested $8.3 billion during the first six months of 2026.