Tesla plans to ramp up spending this year, with capital expenditure expected to cross $25 billion—higher than what analysts predicted. Even though the company reported solid Q1 profits and cash flow, it’s dealing with slower vehicle sales and weakness in its energy storage segment.
To stay ahead, Elon Musk is doubling down on future-focused areas like AI, robotics, and self-driving tech, aiming to make these the next major growth engines instead of relying mainly on car sales.
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