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Questions about Tesla spending binge ahead of earnings [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Loic VENANCE/AFP/AFP Questions about Tesla's progress towards achieving fully autonomous driving at scale are expected to figure prominently when the company reports results Wednesday. When last releasing earnings in January, Elon Musk's highflying electric vehicle company announced plans to spend more than $20 billion on growth ventures such as autonomous driving, artificial intelligence and robotics. Analysts are expected to scrutinize this plan on Tesla's conference call, particularly given the middling outlook for EVs after increased car sales boosted earnings a few years ago. Musk has said the investments are needed to enable an "era of abundance," statements that have helped Tesla achieve market capitalization of around $1.5 trillion despite controversies tied to the billionaire over his far-right political activism and other matters. Analysts at Morgan Stanley pointed out that Tesla was poised to pass 10 million miles driven on its "FSD" driver-assistance program.
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