Elon Musk says Tesla should be spending on AI 'as fast as we can'
THE SO WHAT
A 142% YoY jump to $5.8B in capex framed as “spend on AI as fast as we can” shows how quickly AI investment can dominate industrial balance sheets. Expect board conversations across sectors to shift from “what’s our AI budget?” to “what share of total capex are we comfortable tying to AI bets over the next 3–5 years?”.
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