Tesla discontinues Model X and S vehicles
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This merger would bring the Grok chatbot, Starlink satellites, and SpaceX rockets together under one corporation.
Tesla Inc. (NASDAQ:TSLA) will stop producing the Model S, as well as the Model X, CEO Elon Musk confirmed during the company's fourth-quarter earnings call. Tesla Ends Model S, Model X Production During Tesla's Q4 earnings call on Wednesday,
Rocket company examining feasibility of both options before potential $1.5tn stock market flotation, report says
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.
Jan 29 (Reuters) - Elon Musk's SpaceX is considering a potential merger with Tesla as well as an alternative combination with artificial-intelligence company xAI, Bloomberg News reported on Thursday,
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.
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Tesla profit tanked 46% in 2025
The company's sales fell for a second year in a row despite CEO Elon Musk spending years promising 50% annual growth.
Jan 28 (Reuters) - Tesla said on Wednesday it will invest $2 billion in CEO Elon Musk's artificial intelligence company xAI - and that production plans for its Cybercab robotaxi and Semi trucks were on track for this year.