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They guided for $2.5 billion in capex, and only spent $1.3 billion.
by aguyfromnb 7y ago
They guided for $2.5 billion in capex, and only spent $1.3 billion.
- zhengyi13 7y agoIgnorant question: if they spent only ~1/2 their projected capex, how did that happen? Did they get a bunch of great deals on land/machinery/etc? Or did they not build all the things they intended at the time they gave that guidance?
- jsight 7y agoTheir guidance for US production is relatively low compared to some of their guidance in the past. I'm guessing this means sluggish demand for the Model Y and a more cost-conservative approach to launching the product.
- gamblor956 7y agoRight, but we're not talking about quarterly guidance, we're talking about YoY comparisons.