Tesla's $25B Capex Ramp Sparks Cash Burn Focus at $376 Share Price

Tesla Inc has raised 2026 capital expenditure guidance to ~$25 billion per CFO Vaibhav Taneja, fueling new factories for robotaxis, Optimus, Cybercab, and more amid Wall Street's $25.6B consensus. This aggressive spending signals cash burn through 2026-27, delaying free cash flow recovery to late 2027-2028 despite ~$22.5B projected year-end net cash. Trading near $376 with $1.4T market cap, sentiment mixes near-term execution risks with long-term revenue potential from autonomous tech.