Tesla Boosts Spending Plan to $25 Billion for AI, Robot Push (4)

Tesla Inc. anticipates billions of dollars in additional spending this year to support Elon Musk’s ambitions to transform the electric vehicle pioneer into an artificial intelligence and robotics company.

Capital expenditures in 2026 will exceed $25 billion, the company disclosed along with its earnings Wednesday, roughly three times last year’s outlay. The planned investment is up from a prior forecast of around $20 billion.

“You should expect to see a very significant increase in capital expenditure,” Musk said on a conference call with analysts. Tesla shares erased after-hours gains following the comments and fell 3.2% at 10:02 a.m. in ...