NewsHK
Across the electric-vehicle sector, the capital expenditure cycle has been pulling in the opposite direction from headline revenue growth.
Tesla (TSLA) posted a rise in revenue in its most recent results, though elevated capital spending left a visible mark on the company's cash flow.
What the results show Tesla's top line moved higher, a sign the demand environment is holding. The cash flow picture told a different story.
Elevated capex spending offset the benefit of that revenue gain, leaving cash generation under pressure in the period.
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