Tesla is headed down a path of ‘runaway, unsustainable’ spending, analysts warn

tesla plans to spend over $25 billion in 2026 — far more than any single year in its history. analysts are calling the spending path "runaway" and "unsustainable." the company hasn't detailed exactly where the money will go, but the figure is a sharp jump from recent capex levels. investors have been watching tesla's cash burn closely, and this new target raises questions about how the company will fund it without tapping debt or equity markets.