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Mmastodon TechnologyAI first seen 14 h ago, last 57 min ago, peak #1

Tesla spending again falls short of Wall Street expectations

Original: Tesla's spending has again fallen short of Wall Street expectations, clouding Elon Musk's plan to transform the maker of

Tesla's capital spending has come in below Wall Street's forecasts once more, raising doubts about Elon Musk's plan to move the electric vehicle maker beyond cars and into artificial intelligence and robotics. Investors watching the company's pivot say low spending could slow the development of the AI and robot programs that underpin its ambitious valuation.

Why now: Markets are scrutinizing whether Tesla can fund its AI and robotics ambitions after another quarter of under-spending.

TeslaElon MuskWall Street

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