The Fremont factory will still manufacture Model 3 and Y, but the space where Model S and X are made will instead focus on mass production of Tesla's Gen 3 Optimus robots.

Energy storage products like the Megapack, Megablock, and Powerwall drove

Full-year revenue dropped to $94.8 billion from $97.7 billion as Tesla rode the wave of consumer demand that forced consumers to rush to dealerships to take advantage of the expiring $7,500 government tax credit, then abandon EV sales after it expired at the end of September.

It turns out investors are willing to forgive huge capital spending if a company's core business is thriving.

Jan 29 (Reuters) - Elon Musk's SpaceX is considering a potential merger with Tesla as well as an alternative combination with artificial-intelligence company xAI, Bloomberg News reported on Thursday,

Tesla CEO Elon Musk said Wednesday that the company will discontinue production of the Model S and Model X, reducing the lineup to essentially three vehicles. So, what's next?

Tesla's earnings report comes weeks after Elon Musk's automaker reported another decline in vehicle deliveries.

Initially, when electric-car maker Tesla ( TSLA 3.45%) released its fourth-quarter results, the stock popped. But shortly after the market opened on Thursday, the stock's return for the day turned negative. This has added to the stock's weakness in recent weeks. As of this writing, the stock is down more than 11% over the past month.