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 Los Angeles Times
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Tesla promotes AI; investors seek returns

Tesla promotes AI; investors seek returns

Tesla has only spent $2.5 billion of its $25 billion capital expenditure forecast for 2026, raising concerns among investors about whether the company is investing enough in AI and robotics development. While other tech giants are planning significantly higher capital investments, Tesla’s stock performance has declined, reflecting doubts about its progress and future growth. The company's focus remains on developing physical AI products like self-driving cars and robots, but its high stock valuation suggests market expectations for imminent breakthroughs.

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