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But it still depends on selling cars to finance that shift, and that core business is under.
Tesla's vehicle deliveries last quarter were 372,160, well below its near-500,000 peak.
KEY POINTS
- US buyers no longer receive federal tax credits for Tesla vehicles, impacting domestic demand.
- Tesla is phasing out Models S and X, narrowing its product lineup amid rising competition.
- February shipments from Tesla's Shanghai plant surged 91%, signaling a rebound in China.
- Investor focus is shifting from car deliveries to Tesla's AI, robotaxi, and robotics initiatives.
COMPANIES
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