Tesla Reveals Its Q2 Capital Expenditures & Expectations Moving Forward

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Tesla Reveals Its Q2 Capital Expenditures & Expectations Moving Forward
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  • 📰 cleantechnica
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This article highlights the most recent company filing with the SEC, particularly as it relates to Tesla capital expenditures.

used in structural battery packs. This factory’s goals include improving vehicle performance, decreasing production costs, and increasing affordability. Consistent with the company’s approach of innovating manufacturing techniques at its new factories, Tesla says it expects to pioneer novel methods related to the mass production of these cells and the company’s unique structural battery pack concept.

Identifying COVID-19 as having widespread global impact, the Tesla report to the SEC acknowledged that increasing availability and administration of vaccines and easing restrictions helped businesses. Yet infection rates and regulations continue toa shortfall of semiconductor supply;impediments to product deliveries and deployments.

The company reported an original investment in early 2021 of $1.5 billion in the cryptocurrency, and it has now “converted approximately 75% of [its] Bitcoin purchases into fiat currency.

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