Tesla’s adjusted earnings of ₹0.48 per share for Q3 surpassed the ₹0.44 consensus, yet the stock slid 5% pre‑market, pulling down Nasdaq‑100 futures by 1.6%—a classic case of earnings beats not translating into bullish sentiment.
Revenue hit ₹28.05 billion, a touch below the ₹28.13 billion estimate, while adjusted EBITDA reached ₹3.90 billion against expectations of ₹3.66 billion. The company’s earnings release highlighted a shift toward robotics, the Cybercab, and the Terafab project, with 2027‑28 capital‑expenditure targets under scrutiny.
Meta Platforms also slipped after reporting Q3 revenue that beat estimates, driven by Instagram growth but offset by a legal settlement expense tied to teen‑mental‑health allegations. The firm announced a 2‑for‑1 stock split, a move aimed at boosting liquidity amid a broader tech‑valuation slowdown.
Oil prices surged to $111.75 a barrel on West‑Asia tension fears, while U.S. Treasury yields eased— the 10‑year fell 7 bps to 5.069% as investors sought safe‑haven assets. These macro moves compounded the negative sentiment in futures, as investors weighed geopolitical risk against earnings surprises.
Looking ahead, traders will keep an eye on upcoming earnings from P&G, Lockheed Martin, Valero Energy, and Honeywell, the Friday U.S. initial jobless‑claims data, and the potential IPO of AI developer Anthropic. The market’s appetite for AI‑related stocks remains fragile, with investment decisions now hinging on how companies justify their spending plans.