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2026January › 29

Tesla

5 months ago

Tesla expects to more than double capital spending in 2026 as it invests heavily in robotics and driverless technology.
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.
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 the biggest calls on Wall Street on Thursday.
Future of the company lies in equipping and running a global fleet of driverless taxis and in selling humanoid robots
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.
Electric car company to invest $2bn in artificial intelligence start-up as part of pivot away from auto market.
Company changes tack and sells 10,600 cars — double the number it sold the previous year in the country
Multi-billionaire Elon Musk also announced plans to end production of its Model S and Model X vehicles.

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