Elon Musk insists Tesla is a tech company. It's starting to look like one.

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Elon Musk has long insisted Tesla isn't a car company. After its latest earnings, it looks less like one than ever. The billionaire told investors that Tesla would scrap its Model S and X EVs and convert their production lines to build the company's Optimus humanoid robot, as it continues to shift toward AI and robotics. Tesla also said it had agreed to invest $2 billion in xAI and to evaluate "potential AI collaborations" with Musk's AI startup. It came as the company's financial disclosures

Elon Musk insists Tesla is a tech company. It's starting to look like one. https://www.businessinsider.com - 29.01.2026 15:42

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Elon Musk insists Tesla is a tech company. It's starting to look like one. https://www.businessinsider.com - 29.01.2026 15:42