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Tesla significantly raised its 2026 spending plan, increasing investment in AI, robots, and chips.

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ME News: On April 23 (UTC+8), it was reported that Tesla significantly raised its annual spending plan to more than $25 billion. CEO Elon Musk said the company is increasing its investment in artificial intelligence, robotics, and chips, and called these moves “entirely reasonable,” aiming to build major future revenue streams. However, investors are taking a more cautious stance. After the remarks following Wednesday’s earnings call, Tesla’s stock fell 2.4%. Previously, the company reported positive free cash flow in the first quarter, and shares rose by around 4% at one point after hours. In January, the company had forecast that its 2026 capital expenditures would exceed $20 billion. Last year, it spent $9 billion. (Source: BlockBeats)
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