GoKawiilTesla and Meta shares slide in premarket despite earnings beats
Tesla's third-quarter results topped estimates but shares fell after lower average car prices, a battery supply crunch, and Elon Musk's comment that Robotaxi expansion won't accelerate this quarter. Meta initially rallied on a sales beat but turned negative in premarket trading, while separately offering Mark Zuckerberg a new stock class tied to an eight-year California residency commitment. Broader futures declined alongside chip stocks as Asian and European markets also traded lower.
GoKawiil's interpretation of the reporting above, not reported fact.
The reaction suggests investors are weighing forward guidance and margin pressures more heavily than headline earnings beats, particularly for Tesla given its valuation hinges on autonomy and robotics progress, according to former board member Steve Westly. Meta's stock-based retention deal for Zuckerberg could signal how companies are structuring pay to offset state tax policies, though the article does not detail the arrangement's full terms. The pullback across tech and Asian markets points to a broader bout of risk-off sentiment rather than company-specific concerns alone.
- Tesla shares fell despite beating Q3 estimates, hurt by pricing and battery supply issues.
- Musk said Robotaxi fleet expansion won't accelerate significantly this quarter.
- Meta gave Zuckerberg a new stock class tied to an 8-year California stay amid broader tech sell-off.
Source: cnbc.com — Leonie Kidd, 2026-10-22
Published there as: “Sellers are back in tech, while bear market grips Chinese stocks”
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