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Musk\u2019s electric car company says it will invest $2bn in artificial intelligence start-up as part of pivot away from auto market.<\/em><\/p>\n Published On 29 Jan 2026<\/span>29 Jan 2026<\/span><\/p>\n Click here to share on social media<\/p>\n share2<\/p>\n Tesla has reported its first-ever decline in annual revenue on a busy day for corporate earnings that also saw the release of results from Microsoft, Meta and Samsung Electronics.<\/p>\n Elon Musk\u2019s electric car company said on Wednesday that revenue fell 3 percent year-on-year to $24.9bn in the final quarter of 2025. Revenue for all of 2025 was $94.8bn, down from $97.7bn the previous year.<\/p>\n list of 4 items<\/span>end of list<\/span><\/p>\n Net profit fell 61 percent to $840m in the quarter, taking profit for the year to $3.8bn, down sharply from $7.1bn in 2024.<\/p>\n The Austin, Texas-based company also revealed that it had agreed to invest $2bn in Musk\u2019s artificial intelligence start-up xAI \u2013 the developer of Musk\u2019s controversial Grok chatbot \u2013 as part of a push to lessen its reliance on the auto market.<\/p>\n \u201cTogether, the investment and the related framework agreement are intended to enhance Tesla\u2019s ability to develop and deploy AI products and services into the physical world at scale,\u201d the company said in its earnings report.<\/p>\n Tesla shares\u00a0rose about 2.2 percent in after-hours trading.<\/p>\n Also on Wednesday, tech giants Microsoft, Meta and Samsung reported strong earnings in their latest reports to shareholders.<\/p>\n Meta, the parent company of Facebook and Instagram, reported a profit of $22.8bn on revenue of $59.9bn in the October-December period, a 6 percent rise year-on-year.<\/p>\n Meta shares surged nearly 7 percent in extended-hours trading.<\/p>\n Microsoft said profit rose 60 percent to $38.5bn in the final quarter, based on revenue of $81.3bn.<\/p>\n \u201cWe are only at the beginning phases of AI diffusion and already Microsoft has built an AI business that is larger than some of our biggest franchises,\u201d Microsoft CEO Satya Nadella said in a statement.<\/p>\n \u201cWe are pushing the frontier across our entire AI stack to drive new value for our customers and partners.\u201d<\/p>\n Despite its strong earnings, Microsoft\u2019s announcement that capital spending hit a record $37.5bn in the second quarter stoked fears of an AI investment bubble, sending stock prices sharply lower.<\/p>\n Microsoft\u2019s shares fell more than 6 percent in after-hours trading on Wednesday.<\/p>\n Samsung Electronics, the biggest producer of memory chips globally, reported a profit of 20.1 trillion won ($13.98bn) on revenue of 93.8 trillion won ($65.6bn), a more than three-fold rise from the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":" Musk\u2019s electric car company says it will invest $2bn in artificial intelligence start-up as part of pivot away from auto market. Published On 29 Jan 202629 Jan 2026 Click here to share on social media share2 Share Tesla has reported its first-ever decline in annual revenue on a busy day for corporate earnings that also<\/p>\n","protected":false},"author":1,"featured_media":43054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[3191,9401,91,9480,1371,92,4000,5577,1381],"class_list":{"0":"post-43053","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics","8":"tag-annual","9":"tag-decline","10":"tag-elon","11":"tag-firstever","12":"tag-musk","13":"tag-musks","14":"tag-reports","15":"tag-revenue","16":"tag-tesla"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/43053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43053"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/43053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/43054"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Recommended Stories <\/h2>\n