#capital-spending

#capital-spending

Tesla Inc.'s ( NASDAQ: TSLA) share price pulled back 4.0% in the past week. The company reported a 46% drop in annual profit for 2025 but announced plans for $20 billion in capital spending. It also said it would end production of its flagship Model S and Model X vehicles. While it began operating "unsupervised" robotaxi rides in Austin, Texas, the NHTSA is investigating reports of Tesla vehicles with automated systems running red lights and making dangerous lane changes.

Low oil and natural gas prices are taking a toll on the industry as drilling activity is falling in Western Canada and is expected to slide further in 2026. North American oil prices remain below $60 US per barrel, after climbing to more than $80 in January. As a result, oil and gas companies are cutting costs, and total capital spending is expected to decline by 5.6 per cent this year and a further 2.2 per cent in 2026,