Tesla (NASDAQ:TSLA) issued an SEC filing with various nuggets related to its Q4 earnings report and state of the business.
The electrical vehicle maker confirmed within the filing that it’s cooperating with a Department of Justice investigation over Autopilot and its features. The automaker said it has received requests from the DOJ for documents related to Autopilot. Tesla said it cannot predict the end result or impact of the investigation.
On the financial front, Tesla (TSLA) forecasts capital expenditures of $6B to $8B this 12 months vs. $7.5B consensus. TSLA reminded that it’s concurrently ramping latest products, ramping manufacturing facilities on three continents and piloting the event and manufacture of recent battery cell technologies, and warned the pace of capital spending may vary depending on overall priority amongst projects and other aspects. Looking further ahead, capital expenditure spending of $7B to $9B is anticipated for 2024 and 2025. That each one compares to capex spending of $7.16B in 2022 and $6.48B in 2021. “Sustained growth has allowed our business to generally fund itself, and we’ll proceed investing in various capital-intensive projects in upcoming periods,” noted Tesla.
Tesla (TSLA) took a $204M Bitcoin (BTC-USD) impairment loss in 2022, while booking a $64M from converting some crypto to money. Tesla (TSLA) originally invested $1.5B in Bitcoin in Q1 of 2021. Tesla (TSLA) said that as with all investment and consistent with the way it manages fiat-based money and cash-equivalent accounts, the corporate may increase or decrease holdings of digital assets at any time based on the needs of the business and the view of the market and environmental conditions.
Dig further into the Tesla 10-K.
Shares of Tesla (TSLA) slipped 0.95% premarket to Tuesday to $165.10.
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