Tesla posts surprise positive cash flow, spending less than expected on AI
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Open this photo in gallery:The Tesla logo on display at the Viva Technology conference in Paris in June, 2025. Benoit Tessier/ReutersTesla TSLA-Q reported a surprise positive cash flow for the third quarter on Wednesday as it spent far less on its AI and robotics ambitions than analysts expected at a time when the EV maker is weighing a merger with CEO Elon Musk’s rocket company, SpaceX. Tesla shares were up more than 1.7 per cent in extended trading. Capital expenditure in the third quarter came in at US$4.73-billion, compared with the expectation of about US$7.5-billion. That compares with US$5.79-billion in the second quarter and US$2.25-billion a year earlier. Free cash flow in the September quarter came in at US$1.53-billion, compared with an expectation of cash burn of US$4.92-billion. The company also beat Wall Street estimates for third-quarter revenue as a rebound in vehicle deliveries, helped by high gasoline prices, especially in Europe, and growth in its energy storage unit lifted sales. Musk said on Tuesday that a merger between Tesla and SpaceX was a “good idea” and that the companies had formed special committees to discuss a deal.
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