Tesla Inc said on Tuesday it expects capital expenditure to increase next year as the Elon Musk-led electric-vehicle maker ramps up production of its new battery cell and the Semi heavy-duty truck.Shares of the company were down 1.8 per cent in premarket trading.The company expects to spend between
Tesla Inc said on Tuesday it expects capital expenditure to increase next year as the Elon Musk-led electric-vehicle maker ramps up production of its new battery cell and the Semi heavy-duty truck.The company expects to spend between $7 billion and $9 billion in 2024 and 2025, compared with $6.00 billion to $8.00 billion this year, it said in a regulatory filing.Last year, the company said it expected to invest $6 billion to $8 billion in 2023 and 2024.
Tesla expects to spend $3.6 billion on the Nevada plant expansion and comes as it aims to produce 50,000 Semi-electric trucks in 2024.
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