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

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.

SpaceX is considering a potential merger with Tesla Inc., as well as an alternative combination with artificial intelligence firm xAI, according to people familiar with the matter, a sign billionaire Elon Musk is weighing how to consolidate his empire.

Tesla CEO Elon Musk said the EV maker will discontinue the Model S and X, Tesla's premium sedan and SUV offerings, in the next quarter.

Tesla experienced drops of 54% in 2018, 61% during the Covid crash, and 74% in the recent inflationary shock. Despite robust growth, these steep declines illustrate that considerable risk is ever-present. View TSLA Dip Buyer Analyses to understand how the stock has rebounded from significant declines in the past.

The company announced it was ending production of its higher-end Model S and Model Y, and turning that production space over to making humanoid robots.

Investors are going to have to get used to robo-taxi safety data as the services expand across the U.S.

Elon Musk fans and the man himself have long mused about Musk Inc, a merger of companies owned by the world's richest man. But with SpaceX expected to go public later ​this year, and Tesla facing a challenging transition from human-driven EVs to robotaxis and robots,