Tesla announced on Monday that its capital expenditure for 2023 is set to surpass its previously projected range of $7 billion to $9 billion.
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This decision comes as the company accelerates production across its factories and prepares to introduce new models.
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In the final quarter of this year, Tesla is set to roll out its upgraded Model 3 compact sedan and the highly-anticipated "Blade Runner"-inspired Cybertruck. Factory retooling in the third quarter briefly impacted deliveries and earnings.
Image Credit - Google
Image Credit - Google
Image Credit - Google
Image Credit - Google
Image Credit - Google
Image Credit - Google
Image Credit - Google