Tesla (TSLA) Raises Capital Expenditure Outlook for 2024

8 hours ago

Tesla (TSLA, Financial) has increased its capital expenditure forecast for 2024 to over $11 billion, up from a previous estimate of more than $10 billion, and surpassing the market expectation of $10.23 billion. The company also projects capital expenditures between $8 billion and $10 billion for both 2025 and 2026.

Additionally, Tesla confirmed $326 million in FSD (Full Self-Driving) revenue for the third quarter, primarily attributed to its electric pickup truck, the Cybertruck, and specific features like Smart Summon.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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