Tesla is spending less and Meta cannot stop, plus Zuckerberg's California tax deal | The 8:30

Two of the biggest spenders in AI reported on the same night and went opposite ways. Tesla beat, turned free cash flow positive at $1.5 billion and cut full-year capital spending to $20 billion from $25 billion, with Optimus shipping to corporate customers at the end of next year rather than now. Meta raised the floor of its capex range to $135 to $145 billion, and a 10-Q filed this morning put its non-cancelable contractual commitments at $454.5 billion, against $81.2 billion a year ago. Plus the deal that keeps Mark Zuckerberg in California, IBM's credible comeback, and the PHP flaws that took government websites offline. Featuring Julie Hyman, Host, Yahoo Finance Jake Conley, Breaking Business News Reporter, Yahoo Finance Pras Subramanian, Senior Autos Reporter, Yahoo Finance Matt Miskin, Co-Chief Investment Strategist, Manulife John Hancock Investments Timestamps 0:00 Tesla spent far less than expected 1:16 Optimus slips to the end of next year 3:16 The wall you hit in mass manufacturing 4:43 Everything else in the quarter was fine 6:00 Back to the merger, and the Reuters reporting 7:09 Why Musk wants this done before 2028 8:32 Why corporate America used to stay out of politics 10:40 Tesla spending less, Meta spending more 12:53 Reality Labs will lose $19 billion this year 14:06 The commitments Meta cannot cancel 15:07 Proposition 40 and a $12.5 billion problem 16:36 "Clearly he runs the board" 20:20 IBM beats and the stock still falls 22:29 The PHP flaws that took websites down 30:43 An accountant's most hated market 39:09 Blackstone cuts its dividend 42:36 Norway's sovereign wealth fund takes a loss 46:00 American Airlines and a 67.5% fuel bill 49:13 Is the Birkin over? #Meta #Tesla #MarkZuckerberg #The830 #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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