Tesla stock jumps as Model S and X are retired, highlighting Musk’s pivot toward AI, robotics and autonomous driving.

Shares of Tesla (NASDAQ:TSLA) rose about 2% on early Friday after Bloomberg reported Space Exploration Technologies Corp, better known as SpaceX, is exploring a merger with Tesla or an alternative tie-up with Elon Musk's AI company xAI,

In Tesla's annual financial filing, the company said that last year it sold $430 million worth of its energy storage products to xAI, Elon Musk's AI startup.

Tesla earnings beat Wall Street's estimates. The stock rose in after hours trading. A call with analysts is scheduled for 5:30 p.m. ET.

B xAI deal done, Model S/X axed, energy soars to $3.84B record, capex doubles to $20B+ as first revenue drop hits.

Tesla has pledged a $2 billion investment in Elon Musk’s AI startup, xAI, emphasizing its push towards autonomy and robotics. Investors are keenly watching Tesla’s self-driving and robotaxi developments,