Tesla Cuts Capital Spending Outlook to $20 Billion
Tesla lowered its capital expenditure outlook to $20 billion from $25 billion. StoneX analysts say the company could be deferring spending, with investment potentially expanding again as its robotaxi fleet and Optimus develop.
Tesla’s capital expenditures were below consensus, though StoneX analysts said the company may be postponing some spending. Tesla reduced its capital expenditure outlook for the year to $20 billion from $25 billion. The analysts expect spending to increase again as the robotaxi fleet and Optimus…