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2026 › January › 29
Tesla
5 months ago
Tesla expects to more than double capital spending in 2026 as it invests heavily in robotics and driverless technology.
Tesla sold $430 million worth of its Megapack backup batteries to Musk's xAI in 2025 ⊕
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.
'Not an auto company': Elon Musk is pivoting Tesla to AI and robots. Wall Street analysts have their doubts ○
Wall Street analysts called Tesla's pivot toward AI and robotics and away from automobiles the most important takeaway from its latest earnings report.
Here are Thursday's biggest analyst calls: Nvidia, Meta, Tesla, IBM, Starbucks, Microsoft, Disney & more ○
found
Here are the biggest calls on Wall Street on Thursday.
Tesla lurches into the Musk robotics era ⊖
Future of the company lies in equipping and running a global fleet of driverless taxis and in selling humanoid robots
Tesla's annual revenue falls for first time ever as Elon Musk axes iconic electric car models and vows to plough billions into robots, self-drive moors and AI instead ○
The company saw its total revenue fall by 3 per cent in 2025 while profits tumbled by a massive 61 per cent, as Tesla announced it would no longer build its Model S and Model X cars.
Elon Musk’s Tesla reports first-ever annual decline in revenue ⊕
Electric car company to invest $2bn in artificial intelligence start-up as part of pivot away from auto market.
Tesla’s Japan victory is more retail than revolution ○
Company changes tack and sells 10,600 cars — double the number it sold the previous year in the country
Tesla sees first annual revenue drop as it shifts to AI and robots ⊖
Multi-billionaire Elon Musk also announced plans to end production of its Model S and Model X vehicles.
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