Tesla announced a $20 billion capital‑spending plan, more than double last year’s outlay. The company will redirect most of the money away from its core electric‑vehicle sales toward autonomous driving, the Cybercab, a Tesla semi‑truck, and Optimus humanoid robots. Production of the Model X SUV and Model S sedan will cease.

Elon Musk said the shift reflects a strategic pivot after losing the global EV sales crown to BYD. With over $44 billion in cash, Tesla plans to fund the expansion through debt or other means. Investors now view the company as a tech‑heavy automaker, betting on future robotaxi revenue.

Capital spending will focus on building production lines for the Cybercab, the semi‑truck, and Optimus robots, as well as battery and lithium‑production plants. Musk warned that the company’s AI training must be top‑tier to make Optimus a best‑seller. Analysts see the spend as necessary to keep Tesla ahead of rivals.

Shares dipped 1 % after the announcement, but the move signals Tesla’s intent to become a full‑stack tech firm. Market watchers will track how quickly the company can scale the new factories and whether the hefty capex translates into profitable robotaxi and robot revenue streams in the next few years.