Original title:TeslaCapital expenditure is expected to rise to $3.5 billion this year to $4.5 billion to $6 billion over the next two years Source: Techweb.com.cn

[TechWeb] On October 27, according to foreign media reports, electric vehicle manufacturer Tesla is currently developing rapidly and is doing its best to produce and deliver more electric vehicles. Both production and delivery volume in the third quarter of this year hit new highs, and revenue also reached new highs.

Tesla, which is developing rapidly, is also promoting mass production plans for more electric vehicles, and is currently building more gigafactories to promote the commissioning of related models.

Building more gigafactories and promoting the commissioning of more models means Tesla's capital expenditure will increase as a result. In documents submitted to the US Securities and Exchange Commission on Monday local time, Tesla also expects their capital expenditure this year to reach the expected upper limit, and the next two years will nearly double compared to this year.

In the document, Tesla said that based on announced projects and facilities being promoted, they currently expect this year's capital expenditure to reach the expected upper limit of 2.5 billion US dollars to 3 billion US dollars. In the next two years, the annual capital expenditure is expected to increase to 4.5 billion US dollars and 6 billion US dollars per year.

However, Tesla also stated in the document that it is difficult to accurately predict their capital expenditure, and the uncertainty of the impact of the pandemic on the global market has also posed a challenge to forecasting. As a result, Tesla's current projected capital expenditure for this year and capital expenditure for the next two years are still variable.