Tesla made smallest annual profit since pandemic, plans to spend big on robotaxis, robots
Tesla's annual profit has hit a five-year low, losing its EV leadership to a Chinese competitor amidst boycotts. Despite this, the company is pivoting towards an AI future with robotaxis and robots, investing heavily in new projects and its xAI venture. Hopeful signs include a strong energy storage business and improving gross profit margins.
Tesla's annual profit has hit a five-year low, losing its EV leadership to a Chinese competitor amidst boycotts. Despite this, the company is pivoting towards an AI future with robotaxis and robots, investing heavily in new projects and its xAI venture. Hopeful signs include a strong energy storage business and improving gross profit margins.
