Tesla to boost spending to $25bn with focus on AI and robotics

April 23, 2026

Tesla anticipates billions of dollars in additional spending this year to support chief executive Elon Musk’s ambitions to transform the electric vehicle maker into an AI and robotics company.

Capital expenditure this year will pass $25 billion, the company revealed on Wednesday, about three times last year’s spending. The planned investment is an increase on a prior forecast of about $20 billion.

“You should expect to see a very significant increase in capital expenditure,” Mr Musk said during a conference call after Tesla released its first-quarter results.

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Tesla to boost spending to $25bn with focus on AI and robotics | The National

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