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AI News from ET - Tesla's $25 billion spending plan tests investor faith in unproven AI bets

Vishwadeep Khatri
in AI News & Two Lenses

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Tesla CEO Elon Musk is seeking investor confidence for ambitious ventures in self-driving cars and humanoid robots. The company is significantly increasing its capital expenditure to over $25 billion by 2026. This spending targets artificial intelligence, robotaxis, and robotics. Tesla anticipates negative free cash flow for the remainder of the year.

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