Tesla Beats Profit Estimates as Elon Musk Scraps Model S and X

Tesla reported fourth-quarter earnings of $0.50 per share, beating analyst expectations as Elon Musk announced the discontinuation of Model S and Model X production. The manufacturer saw its revenue decline to $24.9 billion during 2025, a year where it lost its position as the top global electric vehicle maker to BYD. Following a $2 billion investment in xAI, Tesla plans to expand its robotaxi services to seven new markets to compete with Waymo in USA.Elon Musk announced the discontinuation of the Model S and Model X vehicles starting next quarter to repurpose factory space for robotics and autonomous vehicle production.Following a $2 billion investment in xAI, Tesla plans to expand its robotaxi services to seven new markets to compete with Waymo in USA.