Tesla plans $20 billion capital spending spree in push beyond human-driven cars

By Chris Kirkham and Akash Sriram LOS ANGELES, Jan 28 (Reuters) - Tesla plans to more than double capital spending to a record high of more than $20 billion this year - but little of it will go to its traditional business of selling electric vehicles to human drivers.

Tesla Takes a Stake in xAi, Linking Fortunes of Musk Companies

Tesla did it. It invested in Elon Musk's AI company xAI. "On January 16, 2026, Tesla entered into an agreement to invest approximately $2 billion to acquire shares of Series E Preferred Stock of xAI as part of their recent publicly-disclosed financing round,