Tesla just increased its capex to $25B. Here’s where the money is going.
Tesla's planned capex for 2026 is three times higher than what the company has historically spent.
Its CFO said, as a result, Tesla will have a negative free cash flow the rest of the year.
Tesla Profits Beat, Capex Surges
- Tesla profits rose in the first quarter as Musk teases debut of new Roadster ABC News —
- Tesla lifts spending plans as Musk funds AI and robotic dreams 📹 Reuters — · 1min
- Tesla boosts spending plan to $25bn in AI, robotics push Irish Times —
- Tesla leans on AI and robotics as earnings fail to woo investors City AM —
- Tesla says EV demand rebounding as profit beats forecasts The Straits Times —