"Tesla's Projected Capex Spending Surpasses $10 Billion by 2024"

Tesla expects to spend over $10 billion on next-generation vehicles, AI products, and other projects in 2024, with capital expenditure ranging from $8 billion to $10 billion for the following two fiscal years. The company is focusing on ramping new products, expanding manufacturing facilities, developing new battery cell technologies, and investing in autonomy and artificial intelligence-enabled training and products. Tesla anticipates meeting its capex needs from cash flow from operations, but warned of slower growth this year as it prioritizes its next-generation vehicle, with analysts expressing disappointment in the recent earnings call and the stock falling 26% year to date.