That's a curious interpretation of the writing. That's not Ms Denholm speaking in the past tense, it's her being quoted!
..... [Ms Denholm] said that Tesla was on track to spend...
In other words, they are GOING to spend.
Tesla is going to smash most of the legacy car makers, and we're all going to be the better for it. After-all, they're the arrogant ones in any meaningful way - refusing to innovate on EVs for decades, when all evidence showed they they needed to.
Toot toot,
Solarbat
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