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.
Source: Fool.com
Tesla Inc Stock
€278.65
-1.970%
Currently there is a rather positive sentiment for Tesla Inc with 104 Buy predictions and 38 Sell predictions.
As a result the target price of 410 € shows a positive potential of 47.14% compared to the current price of 278.65 € for Tesla Inc.
