Tesla Profit Slumps
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Tesla plans to spend more than $20 billion on capital projects in 2026, as the company spends heavily to invest in what CEO Elon Musk called an "epic future." Investors didn't take kindly to such plans,
Tesla Inc. plans $20 billion of spending this year to streamline its electric-vehicle lineup and shift resources toward robotics and AI, part of a sweeping set of changes pushing the company further from its roots as an automobile manufacturer.
Multi-billionaire Elon Musk also announced plans to end production of its Model S and Model X vehicles.
Musk says Tesla needs to build its own chip factory to avoid constraints and secure future AI growth
Tesla considers building "Terafab" chip factory to meet AI demands, targeting AI5 and future chips, citing supply and geopolitical risks.
Tesla says it has 1.1 million Full Self-Driving subscribers. It's key to Tesla's future thesis, but controversies aren't slowing down.
Musk said that existing suppliers, naming TSMC, Samsung and Micron Technology Inc., are not able to supply Tesla at the levels the company needs