Elon Musk kills Tesla Model S & X
Digest more
Tesla's earnings report comes weeks after Elon Musk's automaker reported another decline in vehicle deliveries.
As it reported another quarter and year of disappointing financial results, the automaker and CEO Elon Musk talked up plans that could have impacts in Texas.
The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.
Tesla expects to more than double capital spending in 2026 as it invests heavily in robotics and driverless technology.
It turns out investors are willing to forgive huge capital spending if a company's core business is thriving.
SpaceX is considering a potential merger with Tesla Inc., as well as an alternative combination with artificial intelligence firm xAI, according to people familiar with the matter, a sign billionaire Elon Musk is weighing how to consolidate his empire.
Elon Musk fans and the man himself have long mused about Musk Inc, a merger of companies owned by the world's richest man. But with SpaceX expected to go public later this year, and Tesla facing a challenging transition from human-driven EVs to robotaxis and robots,
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.