Tesla plans to more than double capital spending to a record high of more than $20 billion this year – but little of it will go to its traditional business of selling electric vehicles to human drivers.
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Highlighting the change, CEO Elon Musk said Tesla would end production of its Model X SUV and Model S sedans and instead use the space in its California factory to make humanoid robots.
“This is going to be a very big capex year,” he sa… [3064 chars]
Source: Reuters | Published: 2026-01-29T02:57:07Z
Credit: Reuters
