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AI News from ET - Tesla plots $20 billion spending spree to build Elon Musk’s AI future

Vishwadeep Khatri
in AI News & Two Lenses

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The capital expenditure plans laid out Wednesday – roughly twice as much as Wall Street was expecting – will support production expansion at multiple factories, scaling up the nascent robotaxi business and building out AI infrastructure. Tesla also revealed plans to discontinue the Model S and X vehicles and devote that plant capacity to building Optimus humanoid robots.

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