It's Jim Kramer here.

You're listening to the opening bell of CNBC Squawk on the Street. Don't miss a minute of the action. Good Thursday morning. Welcome to Squawk on the Street. I'm David Faber with Jim Kramer. We're live from Post 9 at the New York Stock Exchange. Carl has the morning off. Let's give you a look at futures. We get ready to begin. Another trading day here. We are looking for a lower open. I think that's fair to say 30 minutes from now.

Yeah.

Yeah. Yeah. Let's get to our roadmap. It does begin with continuing to keep an eye on records. The S&P 500 and the NASDAQ are coming off with a fresh highs. But as you just saw, we may be giving back a bit of those gains, at least at the open.

We also talk Tesla, of course.

It is one of a number of a number of big companies that have reported.

The shares are under pressure.

Quarterly results did top estimates, but Wall Street is watching the company's Robotaxie rollout

and all of that money that it is going to be spending.

Service Now, IBM also going to be stocks we keep an eye on.

They are the biggest lagrots pre-market fueling declines in software.

Once again, raising those fears about renewed disruption from AI.

And then also sending the money back to where else semis we're going to talk about all of it Jim I guess let's start with Tesla this morning

and what Elon had to say about the company's capex plan on last night's earnings call take a listen

we're going to be substantially increasing our investments in the future,

so you should expect to see a very significant increase in capital expenditures,

but I think well justified for a substantially increased future revenue stream.

And obviously, Tesla's not alone in this.

I think you've seen most, if not all, certainly the major technology companies,

substantially increasing their capital investments.

And we're going to be doing the same.

I think it's going to pay off in a very big way.

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