Tesla Raises Spending Plan As It Looks to Ramp up Production

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Tesla Raises Spending Plan As It Looks to Ramp up Production

Reuters2023-01-31

(Reuters) - Tesla Inc said on Tuesday it expects capital expenditure to increase next year as the Elon Musk-led electric-vehicle maker ramps up production of its new battery cell and the Semi heavy-duty truck.

Shares of the company were down 1.8% in premarket trading.

The company expects to spend between $7 billion and $9 billion in 2024 and 2025, compared with $6.00 billion to $8.00 billion this year, it said in a regulatory filing.

The filing comes days after the company unveiled plans to expand its factory in Nevada.

Last year, the company said it expected to invest $6 billion to $8 billion in 2023 and 2024.

Tesla expects to spend $3.6 billion on the Nevada plant expansion and comes as it aims to produce 50,000 Semi-electric trucks in 2024.

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Comment（8）

All in Tesla
·2023-02-01
Good 👍 this is just the beginning 🚀
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Pkhokya
·2023-02-01
Nice
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Shirley Soh
·2023-02-01
Ok
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zoeyPahang
·2023-01-31
$Tesla Motors(TSLA)$
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Amckid
·2023-01-31
I didn't know there's advertisement in tiger app too. How to report ?
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supre
·2023-01-31
I'm so grateful to Mrs Teresa Fuller for making me believe online trading. I never thought any of this was real and I was so scared of losing my money.now I benefit alot from Teresa Fuller Platform on Facebook
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2
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DavidHTW
·2023-01-31
Thats great!!!
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SNeo
·2023-01-31
[Applaud]
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Tesla Inc said on Tuesday it expects capital expenditure to increase next year as the Elon Musk-led electric-vehicle maker ramps up production of its new battery cell and the Semi heavy-...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"","article_id":"2307165077","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2307165077","pubTimestamp":1675165259,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"(Reuters) - Tesla Inc said on Tuesday it expects capital expenditure to increase next year as the El","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"特斯拉提高支出计划，以提高产量","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1},"content_text":"(Reuters) - 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How to report ?","listText":"I didn't know there's advertisement in tiger app too. How to report ?","text":"I didn't know there's advertisement in tiger app too. How to report ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955972017","repostId":2307165077,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9955943427,"gmtCreate":1675167501469,"gmtModify":1676538981047,"author":{"id":"4138270331761452","authorId":"4138270331761452","name":"supre","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4138270331761452","authorIdStr":"4138270331761452"},"htmlText":"I'm so grateful to Mrs Teresa Fuller for making me believe online trading. I never thought any of this was real and I was so scared of losing my money.now I benefit alot from Teresa Fuller Platform on Facebook","listText":"I'm so grateful to Mrs Teresa Fuller for making me believe online trading. I never thought any of this was real and I was so scared of losing my money.now I benefit alot from Teresa Fuller Platform on Facebook","text":"I'm so grateful to Mrs Teresa Fuller for making me believe online trading. I never thought any of this was real and I was so scared of losing my money.now I benefit alot from Teresa Fuller Platform on Facebook","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955943427","repostId":2307165077,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9955949265,"gmtCreate":1675166968157,"gmtModify":1676538981015,"author":{"id":"4094706538255210","authorId":"4094706538255210","name":"DavidHTW","avatar":"https://community-static.tradeup.com/news/f4211692e23623de59a502307acbb4cc","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1,"idStr":"4094706538255210","authorIdStr":"4094706538255210"},"htmlText":"Thats great!!!","listText":"Thats great!!!","text":"Thats great!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955949265","repostId":2307165077,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9955940914,"gmtCreate":1675165839238,"gmtModify":1676538980968,"author":{"id":"4112071922817752","authorId":"4112071922817752","name":"SNeo","avatar":"https://community-static.tradeup.com/news/d5b48d982c4246e1c1d0400e42ad5e32","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4112071922817752","authorIdStr":"4112071922817752"},"htmlText":"[Applaud]&nbsp;","listText":"[Applaud]&nbsp;","text":"[Applaud]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955940914","repostId":2307165077,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":80,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}