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Will Tesla invest $12 billion in new electric cars?

Tesla (TSLA) has updated its capital expenditure guidance to confirm a plan to invest up to $12 billion in new electric car and battery factories. This represents an acceleration of the automaker’s spending in order to increase EV production capacity.

Is Tesla a large cap stock?

Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. Tesla Inc. manufactures and sells electric vehicles, and energy generation and storage systems. The company was founded in 2003 and went public in June 2010 (initial public offering at $17 per share on June 29, 2010).

Did Tesla want an EV price war?

Tesla wanted an EV price war. Ford showed up Is It Smart to Be a ‘Stupid Genius’ Like Elon Musk? Fiscal Q1 2023 ended 3/31/23. Reported on 4/19/23. Measures how much net income or profit is generated as a percentage of revenue. Represents the company's profit divided by the outstanding shares of its common stock. Fiscal Q1 2023 ended 3/31/23.

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