Tesla

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Tesla: Revenue decline, pivoting to AI/robotics, facing scrutiny over Musk's Epstein ties, SpaceX satellite plans.

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Tesla, led by Elon Musk, is an electric vehicle and clean energy company now pivoting towards artificial intelligence and robotics. Recent news highlights this shift, with plans to invest heavily in AI and potentially build semiconductor factories. The company reported its first-ever annual revenue decline, prompting a move away from solely focusing on electric vehicles, including discontinuing production of Model S and X. Tesla's AI shift is influencing Chinese EV rivals to expand their tech offerings. Elon Musk is also facing renewed scrutiny regarding his past associations with Jeffrey Epstein. Separately, Musk's SpaceX has applied to launch a massive constellation of satellites to power AI computing. Despite challenges in the EV market, Tesla and Musk maintain a rock-star status in China, showcasing the company's global influence and ambition in emerging technologies.
Last updated: February 2, 2026