Tesla to top $9bn spending target this year as it rolls out new models
Tesla said on Monday its capital expenditure for 2023 would exceed the $7bn (R132.80bn) to $9bn (R179.74bn) target it had laid out earlier this year.
Source: timeslive.co.za
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Tesla said on Monday its capital expenditure for 2023 would exceed the $7bn (R132.80bn) to $9bn (R179.74bn) target it had laid out earlier this year.
Tesla's margins are likely to drop in the third quarter and take a bigger hit in the last three months of 2023, leaving investors fretting about more price cuts needed to boost demand.
Gary Black, an analyst from The Future Fund, has calculated that Tesla’s market capitalization could exceed $4 trillion by the year 2030.