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Growth Phase

All articles tagged with #growth phase

businessfinance2 years ago•2 min saved

"Tesla's $10 Billion Spending Plan for Next-Gen Vehicles and AI Revealed"

Tesla plans to increase its capital spending to over $10 billion this year as it prepares for its next growth phase, which involves ramping up next-generation vehicles. The company's 10-K SEC filing revealed record spending of $8.9 billion in 2023, and it anticipates even higher spending in 2024. The funds are expected to support manufacturing operations, Gigafactory expansion, EV infrastructure, and AI initiatives, including the development of a new $500 million Dojo computer cluster.

via Electrek.co|

#businessfinance #capital-spending #electric-vehicles

economy2 years ago•2 min saved

Russia's Economic Collapse: Admitting the Impact of Western Sanctions

Russia has admitted that it was on the verge of economic collapse last year due to Western sanctions imposed after its invasion of Ukraine. However, the Kremlin now claims that it has successfully recovered and is entering a new growth phase, with predictions of up to 3% growth this year. Despite these claims, experts have expressed doubts about Russia's economic future, citing signs of financial trouble, collapsing sectors like the auto industry, high inflation, and a plunging ruble. Some researchers even suggest that Russia's economy could be teetering on the edge of collapse as the war with Ukraine consumes all available resources.

via Yahoo Finance|

#economic-collapse #economy #financial-trouble