TSLA · 10-Q · 2026Q2 · Full report
Capital Expenditures and Guidance
Tesla, Inc. · 2026-07-23 · Importance 100 · Surprise 100 · In source text
Capital expenditures were $8.28 billion for the six months ended June 30, 2026 versus $3.89 billion in the prior‑year period, an increase of $4.40 billion driven mainly by global AI and operational infrastructure, factory expansion and machinery and equipment. Management currently expects capital expenditures to be in excess of $25 billion for full‑year 2026, primarily to fund AI initiatives (compute/data centers), manufacturing and R&D production lines, and expansion of its AI‑enabled fleet and retail/service/charging footprint. The company notes capex is difficult to project and may be adjusted by project priority, ramp pacing and trade policy changes. These capital plans materially increase investing outflows and are a central driver of Tesla’s financing and liquidity planning for 2026.
Key facts
- Capital expenditures were $8.28 billion for the six months ended June 30, 2026, versus $3.89 billion for the six months ended June 30, 2025. source
- Net cash provided by (used in) financing activities was $1,209 million for the six months ended June 30, 2026, versus $(554) million for the six months ended June 30, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -3.0% | Capital expenditures were $8.28 billion for the six months ended June 30, 2026, versus $3.89 billion for the six months ended June 30, 2025. |
| assets | positive | realized | +3.0% | Capital expenditures were $8.28 billion for the six months ended June 30, 2026, versus $3.89 billion for the six months ended June 30, 2025. |
| cash | positive | realized | +1.2% | Net cash provided by (used in) financing activities was $1,209 million for the six months ended June 30, 2026, versus $(554) million for… |