tl;dr
In its recent 10-K filing, Tesla (NASDAQ:TSLA) disclosed that it anticipates its capital expenditures to exceed $10B in 2024, surpassing the consensus estimate of $9.8B. The electric vehicle maker's capital expenditures for 2023 amounted to $8.90B and were $7.16B in 2022, with projections for 2025 a...
In its recent 10-K filing, Tesla (NASDAQ:TSLA) disclosed that it anticipates its capital expenditures to exceed $10B in 2024, surpassing the consensus estimate of $9.8B. The electric vehicle maker's capital expenditures for 2023 amounted to $8.90B and were $7.16B in 2022, with projections for 2025 and 2026 ranging between $8B to $10B. The company highlighted the challenges in accurately forecasting long-term capital expenditures due to the myriad of ongoing projects and uncertainties in global market conditions. Additionally, Tesla revealed that its total employee headcount at the end of the year was 140,473, and detailed the stock trading plans of several company executives. Shares of Tesla moved up 1.16% in premarket trading following the disclosure, reaching $85.38. This movement took place within the context of a 52-week range of $152.37 to $299.29.
More about Tesla Inc
Tesla Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market and 23% of the battery-electric market. The company is also a major installer of solar photovoltaic energy generation systems in the United States and one of the largest global suppliers of battery energy storage systems. With a market cap of $582.54 billion, a current stock price of $59.11, and a price-to-earnings ratio of 27.77, Tesla has shown significant growth and potential. However, the stock has shown high volatility, with a beta of 1.117, and a relatively low dividend yield of 0.035%. The market sentiment towards Tesla is bullish, with the company's innovative products and services driving investor confidence. However, potential risks include regulatory challenges, competition, and market fluctuations.
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