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Tesla
The latest Tesla coverage from Bullquill: sourced, dated and explained.
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Nasdaq falls 2.6% to 26,008.86 as AI spending worries hit chips
The Nasdaq Composite fell 2.6% to 26,008.86 on October 22, its steepest one-day drop since early June. Reuters and Yahoo Finance said renewed worry about AI spending after Meta and Tesla results drove the selloff, which hit chip stocks hardest.
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Chip stocks slump 5.6%, lowest since July 29, on AI spending fears
The Philadelphia SE Semiconductor Index fell 5.6% to its lowest since July 29 on October 22, led by Lam Research, AMD, Intel and Marvell, as Meta's new non-voting shares and Tesla's capex cut prompted investors to reassess AI infrastructure spending.
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Tesla Q3 2026 results: shares fall 2% after capex cut to $20bn
Tesla's third-quarter margins and cash flow beat forecasts, but it cut its 2026 capital-spending plan to about $20 billion from more than $25 billion. Reuters says the shares slipped as investors questioned Musk's AI and robotics push.