Tesla’s Lowered Capex Plan Fuels Doubt on AI, Robotics Goals

Tesla Inc. pulled back its spending plans after investment last quarter trailed expectations, with capital expenditures to be around $20 billion this year. The company had been consistently short of the pace needed to hit its spending goal, particularly after a $4.73 billion outlay in the third quarter, with analysts having expected $7.95 billion on average. Bloomberg's David Welch joins to discuss.
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