business / news / / New York Post
Tesla surprised investors with positive cash flow in the first quarter.
Tesla increased its 2024 capital expenditure forecast to $25 billion, up from $9 billion in 2025.
KEY POINTS
- Tesla expects negative free cash flow through 2026 due to aggressive investment in AI and robotics.
- Tesla plans to start volume production of the fully autonomous Cybercab, without steering wheel or pedals, this year.
- Tesla has begun Model Y robotaxi services in Dallas and Houston, with five more cities planned for early 2024.
- Dutch regulator RDW is seeking EU-wide approval for Tesla's Full Self-Driving software system.
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