Tesla plans to spend $25 billion on new equipment this year

Tesla plans to spend $25 billion on physical assets like equipment and buildings this year. Bloomberg Earnings Reporter Ann Gehan says that sum is triple what the company spent last year. A huge chunk of cash goes into the Cybertruck electric pickup truck and Optimus humanoid robots. Both of those ambitious projects have taken much longer than planned. "That's a hefty price tag and they want to know as much as they can about where that spending is going" When giant robots run late, investors usually ask for itemized receipts.