It seems to be working. Elon Musk wants to rebrand Tesla as an AI company. It seems to be working. Andrew J. Hawkins is transportation editor with 10+ years of experience who covers EVs, public transportation,

Morgan Stanley analyst Adam Jonas, a longtime Tesla bull, wrote Wednesday that the Q4 results were "mostly disappointing," but added that the report was not

Coverage and analysis of electric vehicle maker Tesla's fourth-quarter financial results, Q&A call, and the stock's reaction.

Morgan Stanley (NYSE:MS) reaffirmed its confidence in Tesla stock (NASDAQ:TSLA), maintaining an Overweight rating with a steady price target of $430.00. The firm's analysis suggests Tesla is evolving beyond its core automotive business into a broader technology company with significant involvement in artificial intelligence (AI) and robotics.

On the Tesla front, Musk said robotaxis with unsupervised Full Self Driving technology will begin picking up fares in Austin, Texas, beginning this June. “I’m confident we’ll release unsupervised FSD in California (this year), as well,” he said.

The final earnings release of 2024 finalized another difficult year for Tesla’s bottom line, as its full-year net income came in at $8.4 billion, a 23% decrease from 2023 and a 40% decline from 2022’s record $14.1 billion profit, though its full-year revenue rose $97.7 billion, a 1% improvement from 2023’s record.

Tesla shares rose about 3% before the bell on Thursday as plans to roll out cheaper electric vehicles and paid autonomous car services by the automaker that missed Wall expectations for fourth quarter lifted investor sentiment.

Tesla stock opened up 5.5% at $410.50 before slipping. The initial rise was a surprise for two reasons. For starters, earnings were relatively weak and guidance was “vague,” according to Morgan Stanley analyst Adam Jonas.

Tesla's earnings report and call Wednesday shed light on the electric vehicle maker's plans for new versions of its self-driving software and its humanoid robot, Optimus.

Tesla is set to report fourth-quarter earnings after the bell Wednesday, with analysts mostly optimistic the electric vehicle maker could benefit from CEO Elon Musk's ties to President Donald Trump.

Tesla's earnings call is today at 5:30 pm ET. TSLA stock heads into the report down 1.4% YTD. Analysts are focused on self-driving and robotaxis.

While new developments from Chinese AI startup DeepSeek sparked a tech rout, a renewed market focus on AI and its permutations may be good news for Tesla.