Tesla Boosts Capital Spending Plan, Reveals New SEC Subpoena

Tesla Inc. increased its capital expenditure plan by billions of dollars after Chief Executive Officer Elon Musk referred to the carmaker’s new factories as “gigantic money furnaces.”

The revised plan was revealed Monday in a regulatory filing that also disclosed details of the electric-vehicle maker’s Bitcoin sales and another subpoena from securities regulators related to Musk’s 2018 tweet about taking Tesla private.