Tesla Reaffirms Over $25 Billion in Capital Spending by End of Year
During its earnings call on Wednesday, Tesla reaffirmed plans to invest more than $25 billion into capital projects by the end of this year. The company's Q2 capital expenditures reached $5.8 billion — a significant increase from $2.4 billion in the same period last year. Funds will be allocated toward Robotaxi development, AI computing infrastructure, Optimus robot manufacturing, and semiconductor fabrication. Despite strong revenue growth with sales exceeding $28.2 billion (up 26% YoY), Tesla's gross margins declined to 16.8%, below analyst expectations of an increase to 19.4%. Non-GAAP earnings also fell short at $0.33 per share versus the expected $0.51, contributing to a sharp drop in stock price. CEO Elon Musk emphasized speed over efficiency for capital spending and highlighted Optimus as one of Tesla's top priorities. The first generation of robots will be used internally for training data collection rather than customer delivery.
Tickers: $TSLA
Topics: Capital Expenditure (Capex) Optimus Robot Robotaxi Tesla