News Snapshot:
Tesla plans to increase its capital expenditures for 2022 from the $5B-$7B forecasted in April to $6B-$8B. The increase is part of several new disclosures Tesla reported in its Q2 10Q filing with the SEC. Tesla said the $1B spending increase would help to ramp up its factories, develop new batteries, and finance other projects. CEO Elon Musk has previously referred to Tesla’s new factories near Berlin, Germany, and Austin, Texas, as “money furnaces.” More: - Tesla disclosed it lost $170M on its Bitcoin investment and earned $64M from converting its Bitcoin to fiat.In its Q2 earnings report, Tesla said...
