Tesla Inc. anticipates billions of dollars in additional spending this year to support Elon Musk’s ambitions to transform the electric vehicle pioneer into an artificial intelligence and robotics company.

The acquisition comes after Tesla said new spending will go toward AI-related initiatives involving its robotaxi service and its Optimus humanoid.

Tesla is ramping up Optimus V3 production while Elon Musk keeps key robot upgrades secret to prevent competitors from copying the technology.

Tesla released its 2026 first-quarter financial earnings today, providing another look at the progress of Elon Musk’s $1 trillion bet to transform his company into a leader of AI and robotics.

Tesla will nearly triple its 2026 capital expenditures to over $25 billion as it accelerates its transformation into an AI and robotics company. The spending surge will fund projects from autonomous vehicles and humanoid robots to chip design and ...

Tesla said on Wednesday it would hike capex spending this year to over $25 billion as it doubles down on Musk's aggressive pivot to AI and robotics.

By Akash Sriram and Abhirup Roy April 23 (Reuters) - Tesla CEO Elon Musk is asking investors to take a leap of faith on his costly bets in self-driving technology and humanoid robots that have yet to generate meaningful revenue.

The automaker said demand for its vehicles has rebounded from recent declines.

A single line in a new Tesla regulatory document says the company "entered into an agreement to acquire an AI hardware company."

Tesla's plan to expand its self-driving rideshare service to Dallas and Houston brings up existing safety concerns.