Elon Musk's $20 billion spending plan signals 'Tesla of yesterday is gone'
Tesla plans to invest $20 billion in 2026, focusing on robotics and driverless technology, signaling a shift from traditional electric vehicles. Analysts at Canaccord Genuity suggest this marks a transformative phase for the company, urging stock purchases. Despite a 3.5% drop in shares, Musk envisions a future where Tesla's value could soar to $25 trillion, primarily driven by its Optimus robots. The company is also expanding its Robotaxi fleet and aims to enhance its AI infrastructure, although it faces significant competition in the market.
