Tesla expects capex to exceed $10 billion in 2024

Tesla Inc. is expecting capital expenditure to exceed $10 billion in 2024 and to range from $8 billion to $10 billion for each of the following two fiscal years.The electric-vehicle maker TSLA, +0.34% made the disclosure in its 10-K annual report filing with the Securities and Exchange Commission published on Monday.“We are simultaneously ramping new products, building or ramping manufacturing facilities on three continents, piloting the development and manufacture of new battery cell technologies, expandin ...