Musk: The faster Tesla invests in AI, the better; not afraid of some funds being wasted

Musk instructs Tesla executives to accelerate AI capital spending, even if some funds are wasted. Q2 capital expenditure surged 142% to $5.8 billion, resulting in negative free cash flow. The company expects full-year capital expenditure to exceed $25 billion and is seeking a $30 billion borrowing capacity to support projects such as robotaxis, humanoid robots, and semiconductor factories. Other tech giants like Google are also spending heavily on AI.