Tesla Stock Slips Despite China Sales Jump as Wall Street Cuts 2026 Forecasts
Tesla shares dropped 0.6% to $405.35 Thursday after warnings about 2026 deliveries and cash burn, despite a 91% jump in February China-made sales. Analysts now expect Tesla’s free cash flow to turn negative in 2026, with Wall Street forecasting a $5.19 billion deficit. The company plans over $20 billion in capital spending this year. Delivery growth forecasts for 2026 have been halved to 3.8%.