Tesla expects capital expenditures to exceed $10 billion in 2024

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EV giant Tesla on Monday announced that it is expecting capital expenditure to exceed $10 billion in 2024 and to range from $8 billion to $10 billion for each of the following two fiscal years. Tesla said in a US regulatory filing with the Securities and Exchange Commission that it was focussing on raft of new products and initiatives as well as its “manufacturing facilities on three continents.” The expenditure would go to “piloting the development and manufacture of new battery cell technologies, expanding our Supercharger network and investing in autonomy and other artificial intelligence-e…

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