09:21 AM EST, 01/30/2025 (MT Newswires) -- Tesla (TSLA) said Thursday that it expects capital expenditures to surpass $11 billion this year and each of the following two years.

The electric vehicle manufacturing company said in a regulatory filing that its capital spending could fluctuate depending on project priorities, production adjustments, and cost efficiencies, but that cash flow from operations has generally exceeded capital expenditures.

Tesla said it plans to remain self-funded as long as sales trends remain stable, while capital spending may increase at times owing to material costs, supply chain constraints, and labor expenses.

Shares of the company were up 4.8% in recent Thursday premarket activity.

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