Tesla Q1 tops expectations but management comments and outlook spark stock sell‑off

- Tesla reported a quarter that beat earnings expectations but the stock fell after management increased planned 2026 capital spending, shifting the market’s focus to heavier investment. - Management raised 2026 capex guidance to $25 billion from $20 billion, and shares closed roughly 3.4%–3.7% lower amid the guidance and other disclosures. - Reports also flagged a disclosed $2 billion investment in SpaceX and plans to acquire an AI hardware firm for up to $2 billion, amplifying investor caution. (invezz.com) (finance.yahoo.com) (investing.com) (notateslaapp.com)