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TSLA Stock Extends Tumble Overnight: Munster Sees Capex Blowing Past Street Estimates Next Year Too
in5points
Tesla stock extended its tumble overnight.
Analyst Gene Munster sees Tesla's 2027 Capex reaching $25 billion.
This is above Wall Street's $21 billion estimate.
The higher Capex forecast suggests potential earnings pressure.
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Rajeev Chandrasekhar / Jupiter Capital interests historically