AI, SpaceX and Elon Musk
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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.
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Tesla is shifting away from Model S and Model X production to focus on mass manufacturing its Optimus humanoid ...
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,
Guessing Headlights on MSN
Tesla eliminates the Model S and Model X to focus on robots
Tesla plans to stop Model S and Model X production in Q2 2026, ending two EV icons and narrowing its lineup to Model 3, Model Y, and Cybertruck as it shifts focus toward AI, autonomy, and Optimus.
Teia Collier on MSN
Tesla prepares to end production of Model S and Model X
Tesla has decided to stop making its two oldest vehicles, the Model S and Model X, sooner than many expected. The company plans to end production as early as the next quarter to make room for a new focus on humanoid robots.