Tesla Plans High Capex to Fund Growth Initiatives While Targeting Positive Free Cash Flow

Tesla expects capital expenditures of over $9B in 2023 and $7B-$9B in the next 2 years

Tesla has consistently generated cash flow from operations above capital spending

Tesla is ramping up new products, facilities, supercharger network, and battery tech

Tesla is focused on increasing energy storage product volumes and margins

The average analyst price target implies nearly 20% upside potential for TSLA stock