Dan Ives: Tesla is ‘transforming into a physical AI stalwart’, so don’t worry about capex and just buy TSLA stock
Giant electric vehicle maker Tesla (TSLA) recently reported its first-quarter results, attracting the attention of Wall Street. One of the biggest factors that affected how results were perceived was the company’s increase in capital expenditures. The company’s first-quarter CapEx increased 67% year-over-year to $2.49 billion. Additionally, it expects its CapEx to reach $25 billion this…