Tesla CFO says revising capex guidance to $20 billion this year
TSLA•Tesla's CFO said the company is revising its capital expenditure guidance to $20 billion this year. Executives also discussed production targets, Cybercab launches and robotaxi plans.
1. Capex and energy margins
Tesla's CFO said the company is revising its capital expenditure guidance to $20 billion this year. The CFO said energy gross margins improved to 33.1% from 20.4%, primarily due to tariff refunds and warranty true-downs.
2. Production and robotaxi plans
CEO Elon Musk said Tesla is ramping production to meet demand and aims to produce 5 million vehicles a year by approximately 2030. An executive said Cybercabs are launching in Dallas next month and the company is trying to get Cybercabs to customers by the end of this year. The executive said Tesla expects to turn on some customer cars for the robotaxi fleet around the second quarter of next year and is building its own maps for FSD.
