Published 23 October 2026, in Equities & Crypto. Five-minute read. For members.
Free cash flow fell at both Meta and Tesla
Meta-defined free cash flow turned negative in Q3 2026; Tesla’s stayed positive but fell sharply from a year earlier.
Meta-defined free cash flow turned negative in Q3 2026, after a strongly positive Q3 2025. It was also negative on Tesla’s basis (operating cash flow minus purchases of property and equipment), Macro Ledger calculation, not Meta’s reported FCF. Tesla’s free cash flow stayed positive but fell sharply from Q3 2025. Meta narrowed its 2026 capex outlook.
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