← April 23, 2026 briefingEconomy
Tesla triples capex to $25B, warns of negative cash flow
Tesla has raised its 2026 capital expenditure plan to $25 billion — three times its historical spending rate — as it bets heavily on humanoid robots, AI infrastructure, and its in-house chip ambitions via Terafab. Profits beat expectations for Q1, rising 17% year-on-year, but the CFO warned investors to expect negative free cash flow for the rest of the year.
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