News Summary

• Tesla cut its capital spending plans for this year to $20 billion from the $25 billion it guided to three months ago.
• Mark Zuckerberg's comments on credit limits suggest early users of Meta's Muse AI agent may be overspending.
• IBM CEO Arvind Krishna seemed to be in a better place this earnings call compared to 3 months ago, which came on the heels of a shock earnings warning that sent the stock reeling."We actually need Optimus to play at scale in order to have it be really good at tasks in the real world," Elon Musk said.