Tesla burns through a billion as Musk bets the farm on chips and bots
Optimus remains 'very complex' and Robotaxis will try not to flatten your cat
Tesla's investment bill ballooned in calendar Q2 as Elon Musk's biz entered what it calls its "largest and most exciting period of investment.
The company has poured resources into AI silicon and robotics, with capex [PDF] more than doubling from $2.5 billion in the previous quarter to $5.8 billion.
That left Tesla with negative free cash flow of $1.1 billion, down 848 percent year-on-year. It expects spending to keep rising and exceed $25 billion for the year.
During the earnings call, Musk talked up Tesla's Terafab ambitions but gave little detail other than calling it an "amazing initiative" and confirming that equipment orders had been placed for the development fab in Austin.
"It's intended to have lithography mask production, and then logic, memory and packaging, and chip testing all under one roof," he said. "So you can...
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