BUZZ - Tesla shares fall pre-market after lowering spending expectations

October 22 - ** Tesla TSLA.O shares fell nearly 5% in pre-market trading after the company lowered its annual capital expenditure forecast (link)

** The company's free cash flow unexpectedly turned positive in the third quarter, but investment in artificial intelligence was lower than expected

** Capital expenditure in 2026 is expected to be about $20 billion, down from the previously forecasted more than $25 billion

** According to LSEG data, third-quarter capital expenditure was $4.7 billion, below analyst expectations

** In addition, a Reuters report (link) stated that some insiders at Tesla are concerned that Musk's public comments about a potential SpaceX merger may trigger shareholder scrutiny and complicate deal negotiations

** So far this year, the company's stock price has fallen about 14%, while the Nasdaq Index has risen 15% .IXIC

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