Tesla to spend up to $4 billion on Nvidia hardware

By X-blogger - on June 5, 2024

Tesla will likely spend between $3 billion and $4 billion on its purchases of chip company Nvidia’s hardware this year, CEO Elon Musk said. Musk also said that out of the $10 billion in artificial intelligence-related capital expenditure this year, around half would be internal spend.

Tesla’s stock price remained largely unchanged in the last session. The CCI is giving a negative signal.
Support: 169.7733 | Resistance: 185.7633

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