US EditionAs Tesla Doubles Down on AI and Robots, EVs Look More Like a Side Hustle
Tesla will invest over $20 billion in 2026 to pivot from EVs to robotics and robotaxis, aiming to produce 1 million Optimus robots annually and launch driverless taxis by April.
- Last week, CEO Elon Musk told investors the Model S sedan and Model X sport-utility vehicle should receive an `honorable discharge` as Tesla announced plans to retire both models.
- Leveraging a $44 billion cash balance, Tesla plans to spend more than $20 billion this year to pivot toward AI and robotics and invested about $2 billion in xAI earlier this month.
- Financial figures reveal auto revenue fell 11% to $17.7 billion in the quarter, and operating cash flow sank 21% to $3.4 billion, despite a 38% rise in FSD subscriptions to 1.1 million users.
- Fremont, California, factory will be converted to build Optimus humanoid robots, forecasted to produce 1 million robots yearly with third-generation Optimus revealed this quarter.
- Tesla faces competition from Waabi, which raised $1 billion and will offer robotaxis via Uber, while Volkswagen has already beaten Tesla's EV sales in Europe, and its planned $20 billion capex could lead to negative free cash flow this year.
12 Articles
12 Articles
Should Investors Buy Tesla Stock After Upbeat Outlook on Robotaxis and Robots?
Key PointsTesla's core auto business continues to struggle.The company plans to up its capex to pursue its robotaxi and robotics ambitions. These 10 stocks could mint the next wave of millionaires › In typical Tesla (NASDAQ: TSLA) fashion, the company made some big promises when it reported its Q4 results. However, one of the most notable things to come out of the report is that the company is trying to steer away from being an electric vehicle …
As Tesla Doubles Down on AI and Robots, EVs Look More Like a Side Hustle
While Tesla romances AI investors with promises of a robotic future, the carmaker is saying “sayonara” to two ground-breaking EVs. CEO Elon Musk told investors on an earnings call last week that the time has come for its revolutionary Model S sedan and Model X sport-utility vehicle to receive an “honorable discharge.” It’s enough to make investors wonder whether Tesla, once the face of electric vehicles, will next attempt a Facebook-to-Meta styl…
Humanoid robots set to boost battery demand
The electric car market is finally showing signs of calming down after years of rapid growth, but something entirely new is on the horizon – humanoid robots. Experts estimate that in the next decade they could become large consumers of advanced batteries, especially solid-state batteries. Estimates say that by 2035, these robots could "absorb" about 75 gigawatt hours of capacity, which is almost 1,500 times more than today. Until recently, such …
Tesla Pivot To Robotics And AI Puts Valuation And Risks In Focus
Tesla (NasdaqGS:TSLA) has announced the discontinuation of its Model S and Model X vehicles in the past week. The Fremont factory is being transitioned from premium EV production to Optimus humanoid robot manufacturing. The company is concentrating on robotaxis, including Cybercab, as well as robotics and AI chip development. Discussions are underway about a potential [...]
This year, a number of iconic cars will be leaving the production lines. Those with combustion engines are often being phased out to make way for a new generation of electric cars, and some electric cars are vacating production spaces to produce autonomous robots. What models are still available for last-minute purchase?
The announcement came at the time of the presentation of Tesla's financial results. Now, the Model S and Model X will no longer be produced from 2026. As a reminder, these two models were launched respectively in 2012 and 2015. They played a major role in the rise of the American manufacturer. Moreover, they allowed Tesla to impose as a pioneer of the high-end electric car, at a time when electricity remained marginal. Today, Elon Musk estimates…
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