Tesla Q3 deliveries surge but still fall short of Wall Street expectations

Tesla's capital expenditures more than doubled in the third quarter, but the amount was still far below analysts' expectations. Third-quarter capital expenditures were $4.73 billion, lower than second-quarter spending and below analysts' expectations of nearly $8 billion. Tesla is increasing investment in manufacturing its Optimus robot, which began production in the third quarter. As competition heats up from rivals such as Amazon and Waymo, Tesla is also trying to rapidly scale up its robotaxi business.