Hyperdrive
Tesla Expects Capital Spending Boost Amid Growth Spurt
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Tesla Inc. expects capital spending on new plants and equipment to reach the high end of a range from $2.5 billion to $3.5 billion in 2020, according to a regulatory filing.
The Palo Alto, California-based maker of electric cars also projects that spending could almost double in each of the next two years, rising to a range of $4.5 billion to $6 billion, it said in the quarterly filing disclosed Monday.