According to media reports, Tesla disclosed in a new filing with the U.S. Securities and Exchange Commission (SEC) that the company has increased its expected capital expenditures this year.

Tesla said it expects its capital expenditures to exceed $9 billion this year. In a 10-K filing in January this year, Tesla initially forecast that capital expenditures would be between $6 billion and $8 billion in 2023, and then increased this number in fiscal 2024 and 2025. Raised to US$7 billion to US$9 billion.

Tesla still expects similar levels of capital expenditures in 2024, noting that increases in capital expenditures are also planned and due to positive cash generation.

Tesla said in the filing: “Cash flow from our business operations has consistently exceeded our capital expenditure levels, our days of accounts receivable outstanding were less than our days of accounts payable due to improvements in working capital management, and our Sales growth also generally contributed to positive cash flow generation.”

Additionally, Tesla said its management expects “that we will continue to be able to self-fund as long as macroeconomic factors support our current sales trends.”

Tesla said the company “may see elevated capital spending levels at certain periods, depending on the specific pace of the company’s capital-intensive projects, as well as other potential variables such as increases in raw material prices, and global trade conditions.” and increases in supply chain and labor costs resulting from changes in labor supply.”

Last week, Tesla announced its third-quarter financial report, with vehicle deliveries of 435,059 vehicles, production of 430,488 vehicles, and revenue of US$23.35 billion. Although it increased by 9% year-on-year, it was the slowest growth in more than three years. Speed; operating profit fell 52% year-on-year to US$1.764 billion.

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