Tesla vs NVIDIA — Capital Expenditure Comparison

Tesla (TSLA) capital expenditure was $8.5B in FY2025 (-25% YoY); NVIDIA (NVDA) capital expenditure was $6.0B in FY2026 (+87% YoY). The tables below show the complete quarterly and annual capital expenditure history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	Tesla	NVIDIA
2026	—	$6.0B
2025	$8.5B	$3.2B
2024	$11.3B	$1.1B
2023	$8.9B	$1.8B
2022	$7.2B	$976M
2021	$8.0B	$1.1B
2020	$3.2B	$489M
2019	$1.3B	$600M
2018	$2.1B	$593M
2017	$3.4B	$176M
2016	$1.3B	$86M
2015	$1.6B	$122M
2014	$970M	$255M
2013	$264M	$183M
2012	$239M	$139M
2011	$184M	$98M
2010	$40M	$78M
2009	$12M	—

Tesla — Annual Capital Expenditure

Fiscal Year	Capital Expenditure	YoY
2025	$8.5B	-25%
2024	$11.3B	+27%
2023	$8.9B	+24%
2022	$7.2B	-10%
2021	$8.0B	+152%
2020	$3.2B	+138%
2019	$1.3B	-37%
2018	$2.1B	-38%
2017	$3.4B	+167%
2016	$1.3B	-22%
2015	$1.6B	+69%
2014	$970M	+267%
2013	$264M	+10%
2012	$239M	+30%
2011	$184M	+358%
2010	$40M	+238%
2009	$12M

NVIDIA — Annual Capital Expenditure

Fiscal Year	Capital Expenditure	YoY
2026	$6.0B	+87%
2025	$3.2B	+203%
2024	$1.1B	-42%
2023	$1.8B	+88%
2022	$976M	-13%
2021	$1.1B	+131%
2020	$489M	-18%
2019	$600M	+1%
2018	$593M	+237%
2017	$176M	+105%
2016	$86M	-30%
2015	$122M	-52%
2014	$255M	+39%
2013	$183M	+32%
2012	$139M	+42%
2011	$98M	+26%
2010	$78M

Source: TSLA on EDGAR · NVDA on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.