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Tesla expects capital expenditures to exceed US$10b in 2024 ...Middle East
WASHINGTON: EV giant Tesla on Monday announced that it is expecting capital expenditure to exceed US$10 billion in 2024 and to range from US$8 billion to US$10 billion for each of the following two fiscal years, reported dpa news.Tesla said in a US regulatory filing with the Securities and Exchange Commission that it was focussing on raft of new products and initiatives as well as its “manufacturing facilities on three continents.”The expenditure would go to “piloting the development and manufacture of new battery cell technologies, expanding our Supercharger network and investing in autonomy and other artificial intelligence-enabled training and products.”The company expects to meet its cap
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