Tesla profits slumped 46% last year, as it lost its crown as the top EV seller

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.

Tesla annual profit plunges to lowest level since pandemic

For the fourth quarter of last year, Tesla’s net income also plunged, down 61% to $840 million, or 24 cents. Excluding one-time charges, net income totaled 50 cents per share, compared to analysts’ forecasts of 45 cents.

Musk Says Tesla Needs to Build Its Own Factory to Make Chips

Elon Musk said Tesla Inc. needs to build and operate what he is calling a “TeraFab” to manufacture semiconductors, a massive undertaking that will cost billions of dollars and mark another expansion beyond what had been the company’s core electric vehicle business.

Here's How Much Traders Expect Tesla Stock to Move After Earnings

Tesla is set to report earnings after the market closes today, with traders expecting a sizable move from the electric vehicle maker's stock following the results.