AIJalopnikabout 4 hours ago
Tesla Faces First Quarterly Loss on AI Spending
1 min read
Tesla is expected to report its first quarterly cash burn in over two years as spending on AI and robotics soars. Capital expenditures are projected to climb to $25 billion this year, outstripping cash generated by core automotive and energy operations. Investors are scrutinizing whether bets on robotaxis and humanoid robots will pay off.
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