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The company also dramatically expanded its capital expenditures for the year ahead, from $57.9bn to a planned $75bn. Investors have been increasingly cautious over the level of spending by major tech companies since Chinese startup DeepSeek released its lower cost AI model, which rocked the sector in January. Tesla co-founder and CEO Elon Musk gestures while introducing the newly unveiled all-electric battery-powered Tesla Cybertruck at Tesla Design Center in Hawthorne, California, on Nov. 21, 2019 (FREDERIC J. BROWN/AFP via Getty Images / Getty Images) Google Finance TSLA shows a daily high of $195.10, breaking prior short-term resistance. Technical setups now point to a possible continuation toward $