Investors wait for clarification about Tesla spending binge ahead of earnings
NEW YORK, April 22 -- Questions about Tesla's progress towards achieving fully autonomous driving at scale are expected to figure prominently when the company reports results today.
When last releasing earnings in January, Elon Musk's highflying electric vehicle company announced plans to spend more than US$20 billion (RM79 billion) on growth ventures such as autonomous driving, artificial intelligence and robotics.
Analysts are expected to scrutinise 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 capitalisation ...
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