Elon Musk pivots Tesla to robotics and AI as car business flails
Musk’s optimism for Optimus robot demand help EV maker beat quarterly expectations despite first-ever yearly revenue declineTesla’s most recent quarterly earnings report showed slumping vehicle sales and declining revenue, as the company’s CEO, Elon Musk, pins the company’s futures on AI...
<p>Musk’s optimism for Optimus robot demand help EV maker beat quarterly expectations despite first-ever yearly revenue decline</p><p><a href="https://www.theguardian.com/technology/tesla">Tesla</a>’s most recent quarterly earnings report showed slumping vehicle sales and declining revenue, as the company’s CEO, <a href="https://www.theguardian.com/technology/elon-musk">Elon Musk</a>, pins the company’s futures on AI and robotics. The earnings report described Tesla’s chaotic year as a “transition from a hardware-centric business to a physical AI company”.</p><p>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. Its reported revenue was $24.9bn, beating analyst estimates of $24.79bn.</p> <a href="https://www.theguardian.com/technology/2026/jan/28/tesla-q4-earnings-estimates-elon-musk">Continue reading...</a>
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