Tesla Plans $25B+ Capex, Adds Grok AI to Cars, Fitch Assigns BBB
TSLA sits 28% above its 52-week low of $297.38.
Summary
Tesla disclosed plans for over $25B in 2026 capex focused on AI chips, data centers, and factory capacity, representing about 57% of its cash and short-term investments as of June 30. Fitch assigned a BBB rating, citing the heavy capex, potential multi-year negative free cash flow, mid-teens EBITDA margins, and up to $30B in possible debt facilities. The company also began rolling out Grok AI to vehicles with AMD chips via software 2025.26+, adding inbox, calendar, and document editing features. August European registrations rose 4% YoY to 15,430 units, with EU registrations up nearly 53%. Tesla holds Bitcoin on its balance sheet, exposing it to crypto volatility. A Belgian NGO test of FSD found frequent speed-limit exceedances in 20-30 km/h zones, and a road-safety group reported that FSD misread speed limits in Belgium tests. One-month implied volatility sits near the 36th percentile ahead of the Roadster reveal. Pre-market shares were up 0.45% at $380.62.
At the time of this announcement, TSLA was trading at $380.13 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $297.38 to $498.83. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.