Tesla’s Profit Takes a Hit

Tesla’s profit has taken a nosedive, but let’s be real, investors don’t seem to care. The automaker’s C.E.O., Elon Musk, has other plans, and they’re willing to bet on him. The company’s announced it’ll sink $2 billion into xAI, Musk’s AI venture. It’s a move that’s raising eyebrows, but not necessarily alarms.

Cutting Ties with the Past

Tesla’s also decided to stop producing its two oldest car models. It’s a bold move, but it won’t come as a shock to many. The company’s been shifting its focus towards newer, sleeker models, and it’s clear they’re not looking back. What’s more surprising is the investment in xAI. It’s a company controlled by Musk, and it’s got people wondering what’s behind the move.

Investors, though, don’t seem too fazed. They’re still betting on Tesla, and by extension, Musk. It’s a gamble that’s paid off before, but it’s not without risks. As with any investment, there are no guarantees. Still, for now, it seems like Musk’s got a free pass to do as he pleases.