Tesla, Inc.'s Capital Expenditures Are Soaring

The capital-intensive nature of the auto business is a reality that even Tesla (NASDAQ: TSLA) can't escape. The electric-car maker's capital expenditures climbed rapidly ahead of the Model 3's launch, and they are set to soar further as Tesla goes through "production hell" amid efforts to increase Model 3 production capacity.

Here's a close look at Tesla's fast-rising capital spend, what's driving it higher, and what investors should expect from the key metric as the year goes on.

Tesla vehicle production. Image source: author.

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Source: Fool.com