Elon Musk's $20 billion spending plan signals 'Tesla of yesterday is gone'
Taiwan
At Tesla's factory in Fremont, California, the automaker plans to make robots instead of its older cars, as it gears up to spend $20 billion this year to fund what it views as a business transformation. "Forget the Tesla you knew," wrote analysts at Canaccord Genuity, in a note following Tesla's fourth-quarter earnings report . "The Tesla of yesterday is gone. We believe Elon Musk has reached a definitive 'burn the ships' inflection point — a total commitment to a vision that leaves no room for
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