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BUSINESS Thu 22 Oct 07:05
Tesla cuts spending before potential
SpaceX deal
Tesla has cut its annual capital
expenditure forecast by a fifth and
posted surprise positive free cash
flow in the third quarter, after
investing far less in its AI and
robotics ambitions than Wall Street
had expected.
The unexpected cash generated in the
quarter comes at a critical moment for
Tesla, as CEO Elon Musk explores
combining the EV maker with his far
more capital-intensive space venture,
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