On Tesla's fourth-quarter earnings call, CEO Elon Musk said the company is ending production of its Model S and X vehicles.

The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.

As it reported another quarter and year of disappointing financial results, the automaker and CEO Elon Musk talked up plans that could have impacts in Texas.

Tesla's earnings report comes weeks after Elon Musk's automaker reported another decline in vehicle deliveries.

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.

Jan 30 (Reuters) - Shares of Tesla jumped nearly 5% on Friday after reports that SpaceX was in deal talks with Elon Musk's other companies stoked investor hopes that the billionaire's tech empire could be unified further.

In Tesla's annual financial filing, the company said that last year it sold $430 million worth of its energy storage products to xAI, Elon Musk's AI startup.

During the company’s Q4 earnings report, Tesla announced that it beat expectations, bringing in $24.9 billion versus the $24.7 billion Wall Street expected. That seems like good news, though the company reported a decline in revenue of three percent,