On Tuesday, Tesla filed its annual report with the SEC, with a Form 10-K disclosing more nuggets on its future such as increased capital expenditure spending and more, reports Reuters.
“Owing and subject to the foregoing as well as the pipeline of announced projects under development, all other continuing infrastructure growth and varying levels of inflation, we currently expect our capital expenditures to be between $6.00 to $8.00 billion in 2023 and between $7.00 to $9.00 billion in each of the following two fiscal years,” said Tesla’s filing on Tuesday.
Tesla’s capex spending was $6.48 billion in 2021 and $7.16 billion in 2022. The company continues to ramp up production and expand its Gigafactories, such as upcoming Semi truck and 4680 battery cell manufacturing factories coming to Giga Nevada.
Tesla also said it “has received requests from the DOJ for documents related to Tesla’s Autopilot and FSD features.”
In October, it was found by Reuters that Tesla is under criminal investigation because of claims that its vehicles are self-driving after a probe was opened in 2021 following a series of Autopilot-related accidents.
The investigation, as opened by U.S. auto regulator the National Highway Traffic Safety Administration (NHTSA), is inspecting whether Autopilot’s design offers drivers a false sense of security, which could subsequently cause driver complacency and, thus, more accidents.
Earlier this month, NHTSA head Ann Carlson said the agency is “working really fast” on the investigation. Carlson also added that the probe, which began in August 2021, was “very extensive.”
Tesla’s FSD beta is sold as a $15,000 add-on, and while it still requires driver monitoring at all times, it can help drivers perform various maneuvers on the highway, such as lane changes, speed changes and general monitoring of surroundings.
The automaker recently shared its Q4 2022 earnings, resulting in record revenue, to go with all-time highs in vehicle production and deliveries.
