Tesla increased its 2026 capital expenditure forecast to more than $25 billion. This figure nearly triples the company's projected spending for 2025. The investment targets leadership in artificial intelligence and robotics, including the Optimus humanoid robot and Cybercab robotaxi.
CEO Elon Musk confirmed on X that Cybercab manufacturing has officially begun. This strategic shift follows a slowdown in Tesla's core automotive business. CFO Vaibhav Taneja expects the spending surge to cause negative free cash flow through late 2026.
Tesla also voided a $29 billion interim compensation package for Elon Musk. The move follows a Delaware Supreme Court ruling restoring his original $56 billion 2018 pay award. The company stated the cancellation prevents a double payment.