Meta’s revenue beat; Tesla’s lower annual sales goal - what’s moving markets

What happened: U.S. stock futures slipped as traders weighed earnings from Meta Platforms and Tesla. Meta shares rose after hours on better-than-expected quarterly revenue, while Tesla fell on a lower annual sales target. Key numbers: S&P 500 futures fell 75 points (1.0%), Nasdaq 100 futures 510 Why it matters: Meta's guidance topped Wall Street estimates, and its new nonvoting stock aims to fund AI ambitions. Tesla's reduced target comes as Musk shifts focus to AI and robotics, and his endorsement of a possible SpaceX merger reportedly raised insider concerns about regulatory scrutiny. Market: +0.5% today ($697.52), +7.4% YTD, 1.5x vol — as of 08:45 UTC Verified: Q3_2026 (Oct 21) EPS $3.83 vs $5.46 est, -29.9% miss; next print ~Jan 20 Coverage: 3 outlets in 24h

U.S. stock futures slipped as traders weighed earnings from Meta Platforms and Tesla. Meta shares rose after hours on better-than-expected quarterly revenue, while Tesla fell on a lower annual sales target.

Meta's guidance topped Wall Street estimates, and its new nonvoting stock aims to fund AI ambitions. Tesla's reduced target comes as Musk shifts focus to AI and robotics, and his endorsement of a possible SpaceX merger reportedly raised insider concerns about regulatory scrutiny. Market: +0.5% today ($697.52), +7.4% YTD, 1.5x vol — as of 08:45 UTC Verified: Q3_2026 (Oct 21) EPS $3.83 vs $5.46 est, -29.9% miss; next print ~Jan 20