After Tesla's Earnings Slide, Pressure's on for Cybercab

The future of Elon Musk’s electric car company is murky. It may rest on Tesla's forthcoming self-driving taxi service, which Musk says will launch this summer.

Tesla brought in 20 percent less automotive revenue at the end of last year compared to the year previous, the company reported Tuesday, as demand for its electric cars appear to have dipped precipitously across the globe. The drop exceeded even some pessimistic Wall Street analysts’ predictions.

By late afternoon, before CEO Elon Musk and other company leaders appeared for a quarterly update call for investors, stock prices appeared relatively stable on the news. Overall, however, the electric automaker’s stock price is down more than 40 percent from its late 2024 high.

In a slide deck prepared for investors, Tesla pinned the drop on declines in deliveries, some ...