Tesla 10-K Annual Report: Over $10 Billion in Capital Expenditure Plans
Tesla Inc (TSLA) recently filed its 10-K annual report with the Securities and Exchange Commission (SEC), disclosing the company's performance over the past year and plans for future capital expenditures, which are expected to exceed $10 billion in 2024.。
Tesla Inc (TSLA) recently filed its 10-K annual report with the Securities and Exchange Commission (SEC), disclosing the company's performance over the past year and future capital expenditure plans.。Tesla expects to spend more than $10 billion on capital in 2024, while the range is expected to be between $8 billion and $10 billion annually in the coming years.。This huge expenditure will mainly be used for the production of next-generation vehicles, artificial intelligence products and the expansion of the service range of Supercharger charging equipment.。
The report also highlights Tesla's ongoing efforts, including upgrading new products, expanding global manufacturing facilities, and leading the way in developing new battery technologies.。The Company expects its own revenue to meet this capital expenditure requirement, as long as the aggregate economic factors support current sales trends.。
However, the 10-K report and subsequent earnings call had a significant impact on Tesla's stock price.。Although the company's closing price rose 4.19%, but Tesla's stock has fallen 26% since the beginning of the year, compared with 2% in the S & P 500 over the same period..5% growth in sharp contrast。Analysts attributed the decline to lower-than-expected fourth-quarter earnings and gross margins, as well as concerns about the company's future growth and market challenges.。
As Tesla struggles to maintain its leadership in the electric vehicle market, it also faces complex challenges from new technology and infrastructure investments.。The market's reaction to these developments underscores the high expectations for Tesla and the reality that investors are worried when investing in cross-generational technology.。
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