Tesla expects capital expenditure to exceed $11 billion in 2026, 2027
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FILE PHOTO: Tesla electric vehicles use a Tesla supercharging station in Union City, New Jersey, U.S., July 23, 2024. REUTERS/Eduardo Munoz/File Photo
(Reuters) - Tesla expects capital expenditure to exceed $11 billion this year and in each of the following two fiscal years, the electric automaker said in a filing on Thursday.
The company had said in October it expected spending to be between $8 billion and $10 billion in 2026. (This story has been corrected to fix the spelling of 'electric' in paragraph 1)
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Arun Koyyur)
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