Analysts Cut Profit Predictions Amid Elon Musk's Big Spending Plans, Fewer EV Models

Tesla Stock: Analysts Cut Profit Predictions Amid Elon Musk's Big Spending Plans | Investor's Business DailyBREAKING: [Stocks Edge Lower; Disney, Oracle Are Early Movers]---Last week, Tesla (TSLA) and CEO Elon Musk announced plans for $20 billion in capital expenditures in 2026 along with the intention to phase out the Model S and Model X trims in favor of Optimus robot production. Analysts are now reducing annual profit forecasts for Tesla stock. Since reporting fourth-quarter earnings on Jan. 28, accompan ...