The firm wants to create a network of "orbital data centres" to power artificial intelligence.

At the World Economic Forum in Davos, Switzerland, earlier this month, Elon Musk said artificial intelligence will exceed human intelligence this year. But he and other tech executives also warn that this moment,

Tesla's first annual revenue drop signals a major shift as Elon Musk ends key car models and pivots the company towards AI and humanoid robots.

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 Bastrop-based social media platform is under fire in Texas and around the world over the activities of its Grok AI chatbot.

A merger would give ‌fresh momentum to SpaceX’s effort to launch data centers into orbit as Musk battles for supremacy in the rapidly escalating AI race against tech companies Google, Meta and OpenAI.

A federal judge signaled she may dismiss a ‍lawsuit by Elon Musk's ‍startup xAI ‍accusing Sam Altman's rival OpenAI of stealing trade secrets.

By contrast, its two best-selling options — the Model Y and Model 3 — sold 1,585,279 vehicles. The "other model" figures are also down sharply from prior years. Tesla sold 85,133 vehicles in the category in 2024 — the first full year of Cybertruck deliveries.