Tesla shares slip as capex cut clouds Musk's AI, robotics ambitions

Tesla's shares dipped about 2% after the company lowered its capital spending forecast for 2026 to $20 billion, down from the previous $25 billion.

The move has drawn attention from investors, particularly as Tesla's stock is already down 14% this year. The company still carries a higher valuation than many traditional automakers.

Reports of potential merger talks with SpaceX also point to possible regulatory hurdles, which could extend uncertainty for investors.