Tesla (TSLA) plans to spend $10 billion this year to achieve next growth phase
Tesla (TSLA) confirmed that it is increasing its planned capital spending to $10 billion this year as it tries to achieve its next growth phase.
Lately, Tesla has described itself as being “between two major growth waves”. The first wave was the ramp-up of Model 3 and Model Y production, which appears to be now plateauing.
The second wave is expected to be the ramp-up of its next-generation vehicles, which are coming in late 2025.
In the meantime, Tesla is stuck with its current lineup, which…