Elon Musk’s SpaceX, Tesla and xAI may merge
Digest more
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.
On Tesla's fourth-quarter earnings call, CEO Elon Musk said the company is ending production of its Model S and X vehicles.
Tesla reported fourth-quarter earnings after the closing bell on Thursday, and the stock rose more than 3% after hours. Investors will be listening for updates on the company's AI future and on how Tesla is contending with a tougher EV market.
Elon Musk said Tesla Inc. needs to build and operate what he is calling a “TeraFab” to manufacture semiconductors, a massive undertaking that will cost billions of dollars and mark another expansion beyond what had been the company’s core electric vehicle business.
CEO Elon Musk recently provided encouraging updates on Tesla's autonomous driving and humanoid robotics technology.
Asianet Newsable on MSN
Tesla retail sentiment hits 6-month low as Epstein files release puts Elon Musk back in the spotlight
The document release and subsequent response by Musk fueled a rise in retail chatter around Tesla over the weekend.
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.
The Model S deserved better than this.