By Akash Sriram and Abhirup Roy Oct 21 (Reuters) - Tesla cut its annual capital expenditure forecast by a fifth and posted surprise positive free cash flow in the third quarter on Wednesday, after investing far less in its AI and robotics ambitions than Wall Street had expected.

When you buy a new car or computer, when is its value at its highest?Most people would answer, "The moment I bought it." A car becomes a used vehicle the moment it is registered, and a computer becomes sluggish within a few years.

In a statement that underscores a shift in Tesla’s (NASDAQ: TSLA) strategic priorities, Elon Musk has emphasized that the company’s humanoid robot Optimus and

Tesla remains a core buy as it builds unmatched leadership in vehicles, robotics, and energy despite market volatility and valuation concerns. Learn more about TSLA stock here.

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