Tesla invests $2 billion in Musk's xAI
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Tesla’s Model S, Soon to Be History, Changed Auto Industry
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B xAI deal done, Model S/X axed, energy soars to $3.84B record, capex doubles to $20B+ as first revenue drop hits.
Musk claimed that Robotaxi deployments would "double every month," which leads to some pretty ridiculous numbers if you extrapolate it out.
Tesla was never going to launch a separate Model 2, in my opinion, as I called out in May 2024. It doesn't matter. Its new "standard" trims are what the company needs. When accounting for inflation, $40K today is $30K in 2016 terms. Tesla's new trims are ...
Tesla's earnings preview for Jan. 28 signals a rough road ahead. Industry observers are expecting troubling numbers in the report.
The automaker also said it would invest $2 billion in xAI, the artificial intelligence company controlled by its C.E.O., Elon Musk, and stop making the two oldest models in its lineup.