Tesla Posts Surprise Positive Cash Flow
Tesla reported a surprise positive free cash flow of 1.53 billion dollars for the third quarter after spending less on AI than expected. Revenue also beat analyst estimates as vehicle deliveries rose.
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Tesla Inc posted a surprise positive free cash flow of $1.53 billion for the third quarter on Wednesday after cutting capital expenditure below Wall Street forecasts. The unexpected cash generation arrived as the automaker weighs a potential merger with SpaceX. While the cash preservation relieved immediate liquidity pressures, lower spending on artificial intelligence and robotics risks undercutting the long-term growth story demanded by investors.
