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Benzinga
Benzinga
Business
Namrata Sen

Tesla Doubles Down On US — Elon Musk Plans Another $8 Billion Investment After Spending Nearly $10 Billion In 2024

Century,City,,Ca,,Usa,-,December,18,,2024:,The,Cybercab

Tesla Inc. (NASDAQ:TSLA) has revealed that it pumped nearly $10 billion into its U.S. operations during the last fiscal year and plans to allocate an additional $8 billion this year.

What Happened: Tesla’s investment in the U.S. is part of its long-term strategy, with the company having invested around $44 billion in U.S.-based facilities and infrastructure since its inception, the EV-maker revealed via a post on X on Saturday. Tesla’s $8 billion investment planned for this fiscal year is aimed at scaling operations and increasing production capacity.

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