Tesla raises 2026 capex plan to $25B from more than $20B

On the Q1 2026 call Tesla raised its 2026 capital expenditure guidance to $25 billion, up from the more than $20 billion it had guided in January. The spend covers robotaxi operations, a semiconductor research fab in Austin, a dedicated Optimus factory and Fremont's transition. Tesla said it expects negative free cash flow for the rest of 2026.

• 2026 capex guidance raised to $25B (from more than $20B in January)
• Uses: robotaxi operations, Austin semiconductor fab, Optimus facility
• Fremont spending for end of Model S/X production