Tesla hits a grim milestone: its second straight year of decline
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Tesla Reports First Annual Revenue Decline in History
Tesla Reports First Annual Revenue Decline in History
Image credit: Robert Alexander/Getty Images
The Spin
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 a car company to a technology empire, not a 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.
Metaculus Prediction
There's a 3% chance that Tesla will become the largest car company in the world (by sales) before 2035, according to the Metaculus prediction community.
The Controversies
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© 2026 Improve the News Foundation. All rights reserved.Version 6.18.0
© 2026 Improve the News Foundation.
All rights reserved.
Version 6.18.0