Tesla saw its annual revenues fall for the first time as demand for electric vehicles wanes. The US-based company says it will discontinue two of its models and shift its focus to robotics and artificial intelligence (AI).
The company reported a 3% decline in total revenues in 2025, with profits falling 61% in the last three months of the year. Last year China's BYD overtook Tesla as the world’s biggest EV maker.
Tesla has announced plans to end production of its older Model S and Model X...
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