The electric vehicle maker used just 70% of its plant capacity last year – a level comparable to traditional auto rivals. Things could get worse in 2026.

Elon Musk’s net worth has already increased by $10 billion this year, even with Tesla stock down. His other assets include SpaceX and xAI.

The billionaire has bet Tesla’s future on humanoids, which for now rely on human helpers.

The Tesla and SpaceX CEO is off to a roaring start in 2026, growing his fortune by around 4% to $644 billion after only two trading days.

xAI, the artificial-intelligence startup founded by Tesla CEO Elon Musk, said Tuesday that it had raised $20 billion as it continues to develop its Grok chatbot.

President Donald Trump and Elon Musk have seemingly rekindled their relationship after their public fallout last year. In a post shared on X on Jan. 4, Musk wrote, 'Had a lovely dinner last night with @POTUS and @FLOTUS.

CEO Elon Musk ended 2025 as the world's richest person with a wealth of $619 billion. Musk recently became the first person to ever hit the $600 billion milestone and he could be in for more gains in 2026 thanks to a reported SpaceX IPO and a new pay package at Tesla.

The billionaire gifted Tesla shares worth nearly $100 million to charities in connection with "year-end tax planning," according to an SEC filing.