The Startup with Ed Ludlow: Tesla Increases 2023 Capex

The video discusses Tesla's decision to increase its capital expenditures (CapEx) for 2023, surprising the market. Despite cutting vehicle prices, Tesla is committed to growth, investing in capacity, and maintaining production rates. The discussion explores Tesla's shift from a luxury car maker to focusing on volume and cost efficiency. The reasons for the CapEx increase include building new plants, meeting demand, and expanding globally with new Gigafactories.

What factors are contributing to Tesla's decision to raise CapEx, according to the discussion?

What are the implications of Tesla needing to build more Gigafactories by the end of the decade?