Tesla (TSLA) CFO expects over USD 25bln in capex in 2026 (prev. guided over USD 20bln); will have the impact of negative FCF for the rest of 2026; not realised any benefit from the recent SCOTUS ruling on tariffs

Tesla's CFO has increased the capital expenditure outlook for 2026 to over $25 billion, up from the previous estimate of over $20 billion. This raise suggests significant investment plans, but it also indicates a negative free cash flow impact for the rest of 2026, which could weigh on investor sentiment and the stock's performance in the short term.