Tesla Earnings: Falling Revenue, ’Invests’ in Elon’s xAI Money Furnace
John Johnston (JJ) breaks down the latest news about the Tesla Q4 and Full Year Earnings Update, including that Tesla is investing $2 Billion in Elon Musk’s OpenAI competitor xAI. Tesla is also discontinuing its Model X and Model X vehicles lines as it pivots to robotics and autonomous robotaxis. However, Tesla’s “unsupervised” robotaxis seem to have vanished from Austin streets, after the pre-earnings announcement of the launch of them, despite Elon saying on the earnings call that they are operating.
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Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for general education and entertainment purposes only. Do your own analysis and seek professional financial advice before making any investment decision.