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Hania Humayun

Tesla's revenue slips 3% to $94.83B; $2B xAI push announced on January 29, 2026

On January 29, 2026, Tesla said it will invest $2 billion in xAI and reiterated that Cybercab production is slated for 2025. The company reported a 3% full-year revenue decline to $94.83 billion for 2025, outlined more than $20 billion in 2026 capital spending, and will discontinue Model S and Model X.
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