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Investing.com -- Tesla (NASDAQ:TSLA) has reduced its capital expenditure forecast for 2025, now expecting to spend above $9 billion compared to its previous guidance of over $10 billion.
The new projection falls short of the average analyst estimate of $10.16 billion for the year.
In a statement explaining its investment activities, Tesla said: "We are simultaneously developing and ramping new products, building or ramping manufacturing facilities on three continents, piloting the development and manufacture of new battery cell technologies, expanding our Supercharger network and investing in autonomy and other artificial intelligence enabled training and products."
The electric vehicle maker cited its pipeline of announced projects under development, ongoing infrastructure growth, and varying levels of inflation as factors influencing its capital spending plans.
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