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Tesla Raises Capital Spending Plan to at Least $7 Billion as It Cuts EV Prices
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Tesla Inc. increased its forecast for capital expenditures again and is now budgeting at least $7 billion for this year.
The electric-car maker expects to spend as much as $9 billion in 2023, according to a regulatory filing. As of January, Tesla provided a forecast range that was $1 billion less at both the low and high end.