Tesla announces new capital plan: Expenditure may exceed 10 billion US dollars in 2024

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Release: 2024-03-02 15:46:02
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Tesla’s recently released 10-K report details the company’s capital expenditure plans for 2024 and subsequent years. According to the report, Tesla expects capital expenditures this year to reach at least US$10 billion, or approximately RMB 71.8 billion, a significant increase compared with previous years.

Tesla announces new capital plan: Expenditure may exceed 10 billion US dollars in 2024

Tesla pointed out in the report that since the company’s core projects are likely to change in number and scope, and there is also uncertainty about the future status of the global market , so short-term capital expenditure plans have greater flexibility and variability. Despite this, Tesla has given some specific expectations, namely that the company's capital expenditures are expected to remain between $8 billion and $10 billion in 2025 and 2026.

According to the editor’s understanding, Tesla is currently actively promoting a number of core projects, including the research and development of new models, the acceleration of product mass production, the improvement of battery manufacturing technology, the expansion of super charging networks, and the improvement of artificial intelligence. Further investment in smart and autonomous driving. These projects are important supports for Tesla's future development and are also the main direction of the company's capital expenditures.

Tesla also pointed out in the report that the speed of capital expenditures will be affected by multiple factors, including project priority, achievement of key milestones, optimization and adjustment of product production, improvement of capital utilization efficiency, and Launch of new projects, etc.

Tesla revealed in its latest financial report that they have made adjustments to their future capital expenditure plans, and it is expected that investment in 2023 and 2024 will increase compared to the previous plan. Tesla said they plan to invest more than $8 billion and $9 billion respectively in capital expenditures over the next two years. This adjustment reflects Tesla’s confidence and ambition for future business development and shows their determination to continuously expand their business scale and enter new areas. These capital expenditures will mainly be used to increase investment in research and development of electric vehicle technology, expand production capabilities, improve product quality, and promote the development of sustainable energy solutions. Tesla's increase in capital expenditures shows the company's positive attitude towards future growth opportunities and their willingness to invest more resources to achieve their aspirations

despite Tesla facing fierce market competition and supply chain uncertainty However, with its strong technical strength and growing market share, Tesla is expected to continue to maintain a steady development trend. In addition, Tesla is expected to usher in a new wave of growth in the coming years as the company continues to expand its product line and accelerate the popularity of electric vehicles. Tesla is continuously engaged in technological innovation and global market expansion, laying a solid foundation for the company's future development.

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