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Tesla plans $20 billion capital spending spree in push beyond human-driven cars
Reuters· 2026-01-29 02:57
Core Viewpoint - Tesla plans to significantly increase its capital spending to over $20 billion this year, focusing less on traditional electric vehicle sales to human drivers [1] Group 1: Capital Spending - Tesla's capital spending is set to more than double compared to previous years, reaching a record high of over $20 billion [1] Group 2: Business Focus - A minimal portion of the increased capital expenditure will be allocated to the traditional business of selling electric vehicles to human drivers [1]