Meta and Tesla reportedly revise 2026 spending forecasts in opposite directions

Business Insider reports Meta raised the lower end of its 2026 capital-spending forecast while Tesla cut its forecast, and both stocks fell Thursday, Oct. 22. Joe Ciolli reported for the outlet that Meta's lower bound rose from $130 billion to $135 billion and Tesla's forecast dropped from $25 billion to $20 billion. The outlet put Thursday's share declines at 7% for Meta and 3% for Tesla.

Ciolli described the contrast as a spending catch-22 for investors. His article says Tesla's lower forecast raised questions about whether it is building out its AI ambitions quickly enough, while Meta's higher forecast prompted concern about the scale of its spending. Business Insider also , including leases, computing deals and energy agreements. Those future commitments are distinct from its 2026 capital-spending forecast.