Daily London
The car and technology company reported revenue of $35 billion in the 2025 fourth quarter, nearly a billion dollars less than the same period in 2024.
But the reported revenue was slightly higher than forecast, leading to a jump in the company’s after-hours share price.
Vehicle deliveries dropped 8.6 per cent last year, with the brand number suffering from its attachment to Musk himself.
And when Trump cut Biden administration-era credits for electric cars, sales dropped further.
Earlier today Musk announced the company would be converting factories in California from cars to its humanoid robots.
Tesla’s net income plummeted to $1.2 billion from nearly $3 billion last year.
Under the deal, Tesla would pay Musk a trillion US dollars ($1.42 trillion) if he brought the company to a market capitalisation of $US8 trillion.
At present, it is at $US1.35 trillion.
The deal also requires him to sell 20 million electric cars, 10 million self-driving subscriptions, a million humanoid robots and a million robotaxis over 10 years.
Musk is already by far the richest man in the world, with an estimated net worth of more than a trillion Australian dollars.
By comparison, if Musk had all the banknotes in circulation in Australia, it would only account for 10 per cent of his net worth.
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