The carmaker used its quarterly earnings report to describe itself as a 'physical AI company.' So far, investors don't seem rattled by the pivot.

On an earnings call January 28, Tesla CEO Elon Musk told investors the automaker will “basically stop production of Model S and X next quarter.”

The electric vehicle maker’s fourth-quarter sales and profit dropped, but the company still beat Wall Street’s expectations.

On Tesla's fourth-quarter earnings call, CEO Elon Musk said the company is ending production of its Model S and X vehicles.

Tesla Inc. will spend over $20 billion on a dramatic reshuffling of factory lines reflecting Elon Musk’s repositioning of the carmaker coming off a multiyear sales slump.

Tesla is in the process of sunsetting two of its oldest cars, the Model X and Model S. Will the discontinuation lead to higher resale values?

The company's EVs are profitable and command a formidable market presence with a value "kicker" potentially coming from robotaxis and unsupervised full-self driving; its rivals are not in the same position.

It’s this uncertainty that’s hurting Tesla stock today. The scepticism isn’t just about what the money is being spent on, but the sheer velocity of the burn. Doubling the capex budget to $20 billion in a single year is a high-stakes gamble that UBS analysts believe pronounces the overall risk profile of Tesla shares.

Tesla (NASDAQ:TSLA) reported its first-ever annual revenue decline in 2025, with revenue falling 3% to $94.8 billion. EV production declined about 7% to 1.65 million vehicles, while deliveries dropped 8.

Boston Dynamics' Atlas appears to have an edge over Tesla's Optimus.