It seems to be working. Elon Musk wants to rebrand Tesla as an AI company. It seems to be working. Andrew J. Hawkins is transportation editor with 10+ years of experience who covers EVs, public transportation,

Elon Musk claimed this week that Tesla robotaxi's will hit the roads this summer however skepticism from industry experts and analysts is high.

Tesla shares rallied Thursday even after delivering a fourth-quarter earnings report that fell short of expectations and sealed a second consecutive year of declining profits, as investors focused on bullish commentary from Tesla CEO Elon Musk and updated production timelines,

Tesla shares gained more than 2% on Thursday after CEO Elon Musk vowed to launch long-awaited cheaper models in the first half of 2025 and start testing an autonomous ride-hailing service in June.

By Lawrence Delevingne and Amanda Cooper BOSTON/LONDON (Reuters) -Wall Street shares advanced on Thursday as investors cheered updates from Meta and Tesla , while gold hit a record and the U.S. dollar advanced on potential tariffs.

Tesla's earnings call is today at 5:30 pm ET. TSLA stock heads into the report down 1.4% YTD. Analysts are focused on self-driving and robotaxis.

Tesla's earnings report and call Wednesday shed light on the electric vehicle maker's plans for new versions of its self-driving software and its humanoid robot, Optimus.

The other tidbit that seems to have investors very excited is Musk’s promise that the company’s Cybercab Robotaxi, which we saw at a preview event last year, will go into volume production and start a paid passenger-carrying service in Austin, Texas, in June 2025. No additional detail on the service, or the vehicle itself, was provided beyond that.

For the quarter that ended on Dec. 31, Tesla reported adjusted earnings per share of 73 cents, up from 71 cents per share in the same quarter of the previous year, on revenue of $25.71 billion, up 2% year-over-year. Both figures fell short of the 76 cents per share and revenue of $27.23 billion expected by analysts.

Morgan Stanley (NYSE:MS) reaffirmed its confidence in Tesla stock (NASDAQ:TSLA), maintaining an Overweight rating with a steady price target of $430.00. The firm's analysis suggests Tesla is evolving beyond its core automotive business into a broader technology company with significant involvement in artificial intelligence (AI) and robotics.

Morgan Stanley analyst Adam Jonas, a longtime Tesla bull, wrote Wednesday that the Q4 results were "mostly disappointing," but added that the report was not