Tesla lifts 2026 spending plans by 25% as Musk funds AI and robotic dreams
Tesla has raised its 2026 spending plan to over $25 billion, with CEO Elon Musk investing heavily in artificial intelligence, robotics, and chips. The company's stock fell 2.4% after Musk's remarks on a post-earnings call, despite Tesla reporting positive free cash flow in the first quarter.
Tesla has increased its 2026 spending plan to over $25 billion, with CEO Elon Musk pouring money into artificial intelligence, robotics, and chips. Musk said the increased capital expenditures are "well justified" for future revenue streams. Tesla recorded positive free cash flow of $1.44 billion in the first quarter, beating estimates. The company is gearing up to start volume production of its Cybercab, a fully autonomous vehicle, this year. Tesla is also expanding its robotaxi service to new cities in the US. The company's capital expenditures in 2026 are expected to be significantly higher than the $9 billion spent last year.
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