Tesla Reports Falling Profit And Strategic Pivot

Tesla reported 2025 profit fell 46% to $3.8 billion and its first year-over-year revenue decline, down 3% from 2024, the company said Wednesday. CEO Elon Musk outlined a 2026 pivot toward robotaxi and autonomy, including ending Model S and Model X production, a planned Cybercab rollout and converting Fremont lines to robot manufacturing, while moving Full-Self Driving to a $99 monthly subscription.