Tesla reported Q4 results with plans to shift focus from EVs to manufacturing Optimus humanoid robots. A factory will produce 1 million robots annually, with a new version mass-produced this quarter. CEO Elon Musk highlighted cybercab progress and plans for robotaxis. The company will spend over $20 billion in capex this year. Deliveries declined 16% in Q4, with auto revenue falling 11% to $17.7 billion. Overall revenue dropped 3% to $24.9 billion, with adjusted EPS at $0.50. Operating cash flow sank 21% to $3.8 billion. Tesla’s core auto business struggles, emphasizing robotaxi and robotics. Consider staying on the sidelines due to the company’s track record.

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Read more at Nasdaq: Should Investors Buy Tesla Stock After Upbeat Outlook on Robotaxis and Robots?