Capital expenditures in 2026 will exceed $25 billion, the company disclosed along with its earnings Wednesday, roughly three times last year’s outlay. The planned investment is up from a prior forecast of around $20 billion.
“You should expect to see a very significant increase in capital expenditure,” Musk said on a conference call with analysts. Tesla shares erased after-hours gains following the comments and fell 3.2% at 10:02 a.m. in ...