The acquisition comes after Tesla said new spending will go toward AI-related initiatives involving its robotaxi service and its Optimus humanoid.

Tesla Inc. anticipates billions of dollars in additional spending this year to support Elon Musk’s ambitions to transform the electric-vehicle pioneer into an AI and robotics company.

Tesla is ramping up Optimus V3 production while Elon Musk keeps key robot upgrades secret to prevent competitors from copying the technology.

Tesla will nearly triple its 2026 capital expenditures to over $25 billion as it accelerates its transformation into an AI and robotics company. The spending surge will fund projects from autonomous vehicles and humanoid robots to chip design and ...

Tesla said on Wednesday it would hike capex spending this year to over $25 billion as it doubles down on Musk's aggressive pivot to AI and robotics.

Tesla delivered a Q1 double-beat, but shares fell as high capex spending and cautious AI scaling tempered optimism. Read more on TSLA stock here.

The automaker said demand for its vehicles has rebounded from recent declines.

By Akash Sriram and Abhirup Roy April 23 (Reuters) - Tesla CEO Elon Musk is asking investors to take a leap of faith on his costly bets in self-driving technology and humanoid robots that have yet to generate meaningful revenue.

Tesla, Inc. shows early FY 2026 trends mirroring recent previous years, with an expectation of flat-to-weak revenue. Read more on TSLA stock here.