
World Powers Flex: Tesla Pivots, Fed Holds, UK Courts China
World Powers Flex: Tesla Pivots, Fed Holds, UK Courts China
Multiple news sources report that Tesla's annual revenue decreased for the first time, with a significant drop in profits, as the company shifts its focus to AI and robotics, discontinuing Model S and Model X production to manufacture humanoid robots and investing heavily in Elon Musk's AI venture, xAI, despite some shareholder opposition. This strategic shift comes amid increased capital expenditure and controversial political involvement by Musk, although Tesla shares saw a slight increase in extended trading.


















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