Tesla Shares Decline Amid Higher Capex Guidance for AI and Robotics
Tesla's stock fell 3.5% on April 23, 2026, despite beating earnings expectations, as investors reacted to its increased long-term capital expenditure plans for AI and robotics. The broader market also saw declines, with the S&P 500 and Nasdaq Composite falling 0.42% and 0.89%, respectively. The company's $25 billion capex guidance raised concerns about its financial commitments and strategic shift toward robotics and energy storage.
Tickers: $AAPL $AMZN $F $GM $GOOG $META $MSFT $NVDA $TSLA
Topics: AI and Robotics Capex Earnings Stock Price Movement Tesla