- Elon Musk’s vision to usher in a utopia powered by Tesla robotaxis and the company’s humanoid robot, Optimus, will likely take significant cash. Tesla spent $6.3 billion in capital expenditures during the second half of last year, but the gross value of the company’s relevant assets increased only by $4.9 billion. Those numbers should tally for domestic companies without any major asset sales or impairments, but other factors are at play for Tesla.
Tesla is making big bets on AI, attracting attention to its financial statements. The Financial Times first noted a $1.4 billion discrepancy between the firm’s capital expenditures and the valuation of the assets that cash was spent on, but the publication rowed back its initial story after originally failing to account for several possible explanations.
