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Economy News

The Economic Times

Economy / The Economic Times

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Elon Musk is fueling Tesla by torching piles of cash

Tesla plans a massive investment boost, doubling its budget for autonomous vehicles, robots and AI. This comes despite recent weak financial results. The company is also investing heavily in Elon Musk's AI venture, xAI. Tesla aims for future abundance, but significant cash burn is expected this year as it shifts focus from car manufacturing to new technologies.

29 Jan 2026 3:42 pm