Source item
Open original source ↗CFO says capex this year will be more than $25B. Last quarter he said more than $20B.
That means that capex per quarter for the rest of the year (estimating it comes in at $30B) will average $9B per quarter. For March it was $2.5B.
Quoted context
These are the quoted author’s words.
Stock dips slightly because the first topic for Elon on the call is highlighting that they will be “Substantially increasing capex, which will be followed by a substantial increase in revenue” Battery, AI training, Chip, Manufacturing.
munster_gene ↗