Tesla's earnings report comes weeks after Elon Musk's automaker reported another decline in vehicle deliveries.

The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.

SpaceX is considering a potential merger with Tesla Inc., as well as an alternative combination with artificial intelligence firm xAI, according to people familiar with the matter, a sign billionaire Elon Musk is weighing how to consolidate his empire.

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.

Energy storage products like the Megapack, Megablock, and Powerwall drove

Initially, when electric-car maker Tesla ( TSLA 3.45%) released its fourth-quarter results, the stock popped. But shortly after the market opened on Thursday, the stock's return for the day turned negative. This has added to the stock's weakness in recent weeks. As of this writing, the stock is down more than 11% over the past month.

Tesla experienced drops of 54% in 2018, 61% during the Covid crash, and 74% in the recent inflationary shock. Despite robust growth, these steep declines illustrate that considerable risk is ever-present. View TSLA Dip Buyer Analyses to understand how the stock has rebounded from significant declines in the past.

The company's sales fell for a second year in a row despite CEO Elon Musk spending years promising 50% annual growth.

The company announced it was ending production of its higher-end Model S and Model Y, and turning that production space over to making humanoid robots.

Investors are going to have to get used to robo-taxi safety data as the services expand across the U.S.