Overview
- Treasury results showed $24.9 billion in Q4 revenue, a slight beat, with net income down 61% to $840 million and full-year profit down 46%, while energy‑storage deployments rose 29% to a record 14.2 GWh.
- Vehicle deliveries fell 16% in the fourth quarter and about 9% for 2025 as competition intensified and U.S. incentives expired.
- Tesla will wind down Model S and Model X next quarter and retool the Fremont, California, lines to build Optimus humanoid robots.
- The company disclosed an agreement to invest about $2 billion in Elon Musk’s xAI to deepen AI collaboration across autonomy and robotics.
- Autonomy efforts advanced with an Austin robotaxi pilot that includes some rides without human supervisors, a plan to expand service to seven markets in the first half of 2026, and Cybercab production slated to begin in April with an initially slow ramp.