Tesla hits a grim milestone: its second straight year of decline
Verge5 days
Tesla's revenue collapse exposes a company in crisis, hemorrhaging customers due to an aging product lineup and fierce competition from rivals like BYD. The pivot to robotaxis and robots looks like a desperate distraction from the core business failure, with wildly overblown predictions masking the reality that only a handful of vehicles operate under strict limitations.
The revenue dip marks Tesla's strategic transformation from car company to technology empire, not decline. Energy storage surged 49% while the company ruthlessly reallocates resources toward manufacturing a million humanoid robots annually. Beating Wall Street expectations during this massive pivot proves the business remains profitable while building entirely new markets.
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