"The earnings report described Tesla's chaotic year as a transition from a hardware-centric business to a physical AI company. The high hopes and grand possibilities Musk has outlined helped Tesla beat Wall Street expectations, even as the company reported its first-ever decline in total revenue losing 3% year-over-year. Tesla reported fourth quarter earnings per share of $0.50 after the market close on Wednesday, exceeding the $0.45 that Wall Street expected."
"As Tesla's vehicle sales have fallen over the past year, Musk and the company have emphasized a shift towards AI-driven projects such as Optimus consumer robots and self-driving Robotaxis. All of these technologies remain unproven and not widely available to the public, let alone profitable, but they have allowed Musk to claim the company will see unparalleled future growth without much to show for it today."
Tesla reported slumping vehicle sales and its first-ever decline in total revenue, losing 3% year-over-year. Fourth-quarter earnings per share were $0.50, above the $0.45 expected, and reported revenue was $24.9 billion, slightly above estimates. Total automotive revenues dropped 11% year-over-year in 2025, and fourth-quarter vehicle deliveries fell 16% year-over-year, with Europe particularly weak. After-hours trading saw the stock rise about 4%. Tesla and Musk are pivoting toward AI-driven projects including Optimus consumer robots and self-driving Robotaxis, planning Optimus production before the end of 2026 and a public sale in 2027, and investing $2 billion into xAI. These technologies remain unproven and not yet widely profitable.
Read at www.theguardian.com
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