Tesla sends the Model S and Model X to live on a farm upstate, canceling its two longest-running EVs to make way for an autonomous, robotic future.

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,

In Tesla's annual financial filing, the company said that last year it sold $430 million worth of its energy storage products to xAI, Elon Musk's AI startup.

The carmaker used its quarterly earnings report to describe itself as a 'physical AI company.' So far, investors don't seem rattled by the pivot.

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 premium models will soon be a thing of the past.

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

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.