The one-page fundamentals report for every US stock

Impact 4 · 21 Oct, 8:57 PM

Tesla reported a drop in third-quarter profits to $787 million as revenue largely held steady at $28 billion, while capital spending surged to $4.7 billion as the company doubles down on AI, robotics, autonomous driving, and a joint chip factory with SpaceX. Regulatory credits and energy revenue also fell, and profit was pressured by rising expenses even as auto sales beat expectations in Europe. Elon Musk disclosed independent committees are evaluating a potential SpaceX–Tesla merger, fueling the idea of a combined “Elon Inc.” that could shift market dynamics. Musk’s optimism about Robotaxi progress remains; production targets for five million vehicles by 2030 were reiterated, even as critics question timelines and safety concerns. Investors watched the spending spree and merger chatter, weighing near-term earnings against long-run strategic bets.

Impact 4 · 21 Oct, 6:04 PM

Meta Platforms posted Q3 net income of $9.86 billion ($3.83 per share) on revenue of $64.60 billion, up 26% year over year and above Wall Street expectations of $63.34B. Excluding a $9.89B charge tied to a multistate teen-use settlement, earnings would be $7.40 per share. The company forecast Q4 revenue of $73B–$76B. Muse, Meta’s AI agent launched in August, reportedly has more than 10 million accounts in the U.S. and Canada, with daily active users on its family apps rising to 3.64 billion. Meta also cut headcount by 15% to about 66,775 employees. Total expenses rose 68% year over year, driven by the settlement and AI investments. Stock moved modestly higher after hours as investors weighed faster revenue growth against higher costs and legal liabilities.

Impact 4 · 21 Oct, 5:51 PM

Tesla beat Q3 earnings expectations with adjusted EPS $0.48 and EBITDA $3.90B, while revenue was $28.05B vs $28.13B expected. Free cash flow came in at $1.53B and capex $4.732B, far better than a hoped-for -$4.92B and far below the $7.96B consensus; full-year capex guidance was cut to $20B from $25B. Management attributed savings to operational cash flow funding, targeting Optimus production lines, AI compute, Cybercab ramp, and the Terafab chip plant with SpaceX. Optimus began production at Fremont; Musk warned it will take about a year to reach 1 million annual units. Tesla also aims for 400 MW AI training compute and reported 1.74M active FSD subscriptions. Regional demand varied, with US tax credits influencing volumes and regulatory questions around Cybercab self-certification. A new Roadster was unveiled, with limited immediate commercial impact.

Impact 4 · 21 Oct, 5:13 PM

Tesla posted Q3 revenue of $28.0 billion (vs. $28.3B expected) and adjusted EPS of $0.48 (beat by $0.03) with a 2% drop in vehicle deliveries. Adjusted net income fell 4% to $1.7B; operating cash flow was $6.3B and free cash flow $1.5B. Capital spending surged 110% to $4.7B as the company intensifies AI/robotics efforts, including the Cybercab robotaxi, humanoid Optimus, and in-house chip initiatives under Terafab in collaboration with SpaceX. Tesla reiterated plans for more than $25B in capex for full-year 2026, with spending rising over the next two to three years. The company also highlighted capacity expansion in superintelligence compute, battery materials, and semiconductor manufacturing, while exploring potential SpaceX-Tesla merger terrain. After-hours stock trades flat; management expects software, AI, and fleet profits to complement hardware profits over time, with broader investor focus on margins and capex efficiency.