Tesla Shares Dip After Hours on Higher 2026 Spending Plans
Tesla shares slipped in after-hours trading as solid first-quarter results were overshadowed by plans to increase capital and operating expenditures in 2026. Meanwhile, U.S. futures fell sharply with Dow futures down 277 points, S&P 500 futures off 30 and Nasdaq 100 futures down 104.
1. Futures Retreat on Geopolitical Tension
U.S. stock futures fell as investors weighed potential renewed U.S.-Iran negotiations and recent escalations near the Strait of Hormuz. By 03:32 ET, Dow futures were down 277 points (0.6%), S&P 500 futures off 30 points (0.4%) and Nasdaq 100 futures down 104 points (0.4%).
2. Oil Prices Rally Above $100
Crude oil prices climbed back above $100 per barrel on concerns that disruptions through the Strait of Hormuz—through which roughly 20% of global oil flows transit—could persist following recent vessel attacks and heightened regional tensions.
3. Tesla Earnings Overshadowed by 2026 Spending
Tesla’s shares edged lower in after-hours trading despite solid first-quarter results, as the automaker outlined plans to ramp up capital and operating expenditures in 2026, prompting investor caution over potential margin pressure next year.