Tesla, Elon Musk
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Tesla's earnings report comes weeks after Elon Musk's automaker reported another decline in vehicle deliveries.
Wall Street analysts project strong earnings growth over the next few years.
The Tesla chief said the company plans to sell Optimus robots by the end of 2027 at the World Economic Forum in Davos, Switzerland.
After a month-long downtrend, Tesla stock rebounded in the last two trading sessions, rising by more than 7%. But for how long will it hold?
Initially, when electric-car maker Tesla ( TSLA 3.45%) released its fourth-quarter results, the stock popped. But shortly after the market opened on Thursday, the stock's return for the day turned negative. This has added to the stock's weakness in recent weeks. As of this writing, the stock is down more than 11% over the past month.
Tesla is making promising progress on scaling robotaxis, with unsupervised rides beginning in Austin. Check out TSLA stock's latest earnings preview here.
Tesla is set to report earnings after the market closes today, with traders expecting a sizable move from the electric vehicle maker's stock following the results.
Tesla plans to more than double capital spending to a record high of more than $20 billion this year - but little of it will go to its traditional business of selling electric vehicles to human drivers.