Tesla’s $2B xAI bet puts Tesla Cybercab robotaxi and Musk mega-pay back in focus
Tesla will invest $2 billion in Elon Musk’s AI startup xAI and says Cybercab robotaxi production is on track for 2026. CFO Vaibhav Taneja projects 2026 capital spending will exceed $20 billion. Tesla’s 2025 revenue fell about 3% to $94.83 billion, while its energy storage division posted record quarterly revenue of $3.84 billion. The company will stop selling Model S and Model X to focus on robotics.