Tesla has announced plans to acquire an unnamed AI hardware company for up to $2 billion in Tesla common stock and equity incentives, as revealed in its Q1 2026 10-Q filing. The deal includes $1.8 billion contingent on specific service conditions and performance milestones related to the deployment of the acquired technology. This acquisition aligns with Tesla's increased capital expenditure plans, which have risen from $20 billion to over $25 billion for 2026, focusing on AI, robotics, and chips.