Tesla raises spending plan, discloses new subpoena on Musk’s 2018 tweet

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Reuters

(Reuters) – Tesla Inc has increased its capital spending plan by $1 billion, the electric automaker said in a regulatory filing on Monday that also disclosed a second subpoena related to Chief Executive Elon Musk’s go-private tweets in 2018. The company now expects to spend between $6 billion and $8 billion this year and each of the next two years, up from its previous expenditure plan of $5 billion-$7 billion, as it looks to ramp up production at its new facilities in Texas and Berlin. Musk had last month said the factories are “losing billions of dollars” as they struggle to raise output due…

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