Transportation

Tesla Boosts Spending Plan to $25 Billion for AI, Robot Push

A Tesla Optimus robot hands out candy in front of the Nasdaq MarketSite in New York in October.Photographer: Michael Nagle/Bloomberg

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By Kara Carlson and Jordan Fitzgerald

April 22, 2026 at 8:05 PM UTC

Updated on

April 23, 2026 at 2:06 PM UTC

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 artificial intelligence and robotics company.

Capital expenditures in 2026 will exceed $25 billion, the company disclosed along with its earnings Wednesday, roughly three times last year’s outlay. The planned investment is up from a prior forecast of around $20 billion.