Thursday, 30 January 2025
Home Topics Business Tesla expects capital expenditure to exceed $11 billion in 2026, 2027
BusinessElectric Vehicles (EVs)NewsTransport

Tesla expects capital expenditure to exceed $11 billion in 2026, 2027

8
FILE PHOTO: Tesla electric vehicles use a Tesla supercharging station in Union City, New Jersey, U.S., July 23, 2024.  REUTERS/Eduardo Munoz/File Photo
FILE PHOTO: Tesla electric vehicles use a Tesla supercharging station in Union City, New Jersey, U.S., July 23, 2024. REUTERS/Eduardo Munoz/File Photo

(Reuters) – Tesla expects capital expenditure to exceed $11 billion this year and in each of the following two fiscal years, the electric automaker said in a filing on Thursday.

The company had said in October it expected spending to be between $8 billion and $10 billion in 2026. (This story has been corrected to fix the spelling of ‘electric’ in paragraph 1)

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Arun Koyyur)

Related Articles

FILE PHOTO: An oil pump of IPC Petroleum France is seen at sunset outside Soudron, near Reims, France, August 24, 2022. REUTERS/Pascal Rossignol/File Photo
BusinessFuelOil

Oil steady as markets await clarity on tariffs by Trump on Canada, Mexico

Analysts say traders have already priced in Trump's tariffs: "(this is) a...

FILE PHOTO: Britain's Prime Minister Keir Starmer speaks during the Prime Minister's Questions at the House of Commons in London, Britain, January 29, 2025. ©House of Commons/Handout via REUTERS/File Photo
ClimateEmissionsLegislationPoliticsUnited Nations

Britain submits plans to hit emissions-cutting target

Starmer raised Britain's climate targets at COP29, pledging to cut greenhouse gas...

FILE PHOTO: The logo of energy services firm Baker Hughes is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
FuelLiquefied Natural Gas

Baker Hughes enters supply agreement with Venture Global

As Big Tech pours billions of dollars into AI technology, the demand...

Login into your Account

Please login to like, dislike or bookmark this article.