Tesla raises 2023 capital expenditure forecast
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Tesla (NASDAQ:TSLA) increased its guidance for expected capital expenditures in 2023 in a 10-Q filing on Monday.

The document explains that the number of projects underway, including multiple gigafactories, battery cell investments, and AI-focused spending are boosting the need for expenditures. The automaker thus raised its capex forecast to a range of $7B to $9B, up from the prior forecast of $6B to $8B offered in January.

âOverall, we expect our ability to be self-funding to continue as long as macroeconomic factors support current trends in our sales,â the filing adds.

Shares of Tesla (TSLA) dipped 1.6% in premarket trading. 
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