PREVIEW

Tesla Boosts Spending to $25B as Musk Doubles Down on AI and Robotics. Tesla is ramping up its future bets, increasing its 2026 spending plan to over $25 billion as CEO Elon Musk pushes deeper into artificial intelligence, robotics, and chip development. Musk described the surge in investment as necessary to unlock major long-term revenue, but investors reacted cautiously, sending shares lower after the announcement. The company is shifting focus beyond electric vehicles toward ambitious projects like self-driving robotaxis and humanoid robots—initiatives that now underpin much of Tesla’s massive valuation. Despite the heavy spending outlook, Tesla posted a surprise $1.44 billion in free cash flow in the first quarter and beat profit expectations, showing strong cost control in a challenging market. Tesla also confirmed plans to scale production of its fully autonomous “Cybercab” and expand robotaxi services across multiple U.S. cities, though timelines remain uncertain. While vehicle sales continue to face pressure from rising competition and policy changes, Tesla’s energy business is emerging as a bright spot—highlighting a broader transition as the company bets big on the next wave of technology-driven growth.
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