Tesla s capital spending for 2023 will exceed the $7 billion to $9 billion target. Tesla is set to start shipments of its updated Model 3 small sedan and the Cybertruck in the final three months of the year. CEO Elon Musk stated that the business was debating its plans for manufacturing in Mexico. Increasing interest rates might have an effect on demand at Tesla. Tesla s shares were down 1.2% in premarket trade.