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Niall Kennedy
The amount increased from $7.16 billion in 2022 to $8.9 billion in 2023.
Tesla stated in a filing submitted to the U.S. Securities and Exchange Commission (SEC), "We are simultaneously ramping up new products, building or expanding manufacturing facilities on three continents, refining new battery technologies, expanding our charging station network, and investing in autonomous and other AI solutions."
Sales growth is expected to sustain free cash flow, which the business expects to be sufficient to pay the investment.
"We expect our ability to self-finance to continue as long as macroeconomic factors support the current trend in sales," reads the report.
source: cnbc.com
Tesla stated in a filing submitted to the U.S. Securities and Exchange Commission (SEC), "We are simultaneously ramping up new products, building or expanding manufacturing facilities on three continents, refining new battery technologies, expanding our charging station network, and investing in autonomous and other AI solutions."
Sales growth is expected to sustain free cash flow, which the business expects to be sufficient to pay the investment.
"We expect our ability to self-finance to continue as long as macroeconomic factors support the current trend in sales," reads the report.
source: cnbc.com
