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Tesla (TSLA) Shifts Focus to Robotaxis and Robots with $20B Capex Amid EV Sales Crown Loss

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Tesla plans a record $20 billion capex focused on robotaxis and humanoid robots, shifting away from new EV models.
  • Losing the global EV sales crown to BYD and cutting production of Model X and S highlights a strategic pivot amid tough industry competition and evolving investor expectations.
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TSLA price history

365.44 -12.53% over the displayed period

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