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.

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.

Tesla's annual profit plunged to its lowest level since the pandemic five years ago as it lost the title of the world's biggest electric vehicle maker to a Chinese rival and boycotts hammered sales.

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,

Elon Musk's companies already share employees, resources and investors. Maybe a possible merger of SpaceX and xAI — or Tesla — would simplify things.