Tesla trims car line-up in pivot to AI as annual revenue falls for first time
Elon Musk’s electric-car maker invests $2bn in the billionaire’s xAI
Elon Musk’s electric-car maker invests $2bn in the billionaire’s xAI

Elon Musk’s carmaker hit by US tariffs, loss of emissions credit revenue and big investments in AI

Investors undeterred by unravelling of billionaire’s relationship with Trump

Earnings reports of major players show how artificial intelligence services are boosting revenues

Billionaire would need to hit a series of market value and profit goals to earn payout

Rocket company boosts valuation to $1tn and pays $250bn to acquire AI start-up as Musk envisions data centres in space

Future of the company lies in equipping and running a global fleet of driverless taxis and in selling humanoid robots