TESLA said on Monday its capital expenditure for 2023 would exceed the $7 billion to $9 billion target it had laid out earlier this year, as the electric vehicle maker ramps up output at its factories and gears up to roll out new models.
The automaker is expected to start shipments of its revamped Model 3 compact sedan and the "Blade Runner"-inspired Cybertruck in the last three months of the year, after factory retooling in the third quarter that sapped deliveries and ate into earnings.
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