Tesla, Capital Spending
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The U.S. Navy has experienced several major setbacks in its efforts to develop a new fleet of drones in a race with China. Last month, the Navy was testing autonomous drone boats off the California coast when one vessel stalled. As officials worked to fix ...
Tesla plans to more than double capital spending to a record high of more than $20 billion this year - but little of it will go to its traditional business of selling electric vehicles to human drivers.