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Tesla hikes 2026 CapEx to $25B, boosting AI and manufacturing; Intel shares rise on chip partnership news.

Market News
22 Apr 2026
Erica Kollmann
View Source
Neutral
pluang ai news

Tesla announced a significant increase in its 2026 capital expenditures to over $25 billion, up from the previous $20 billion plan, focusing on AI infrastructure and next-gen manufacturing. CFO Vaibhav Taneja highlighted investments in AI for robotaxi and Optimus projects, with orders placed for semiconductor fabs and solar equipment. CEO Elon Musk emphasized this spending as a long-term growth driver despite expected negative free cash flow this year. Intel shares rose about 4% after Musk revealed Tesla will use Intel's advanced 14A chip manufacturing process, signaling a strategic partnership in AI chip production.

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