On January 29, reports emerged indicating that Tesla's fourth-quarter revenue stood at $24.9 billion, marking a 3% year-over-year decline. The company's annual revenue reached $94.8 billion, also reflecting a 3% decrease compared to the previous year. Notably, Tesla relinquished its title as the world's leading electric vehicle manufacturer, ceding the position to BYD. The company's net profit plummeted to $840 million, a staggering 61% drop from the same period last year. However, its non-GAAP earnings per share came in at $0.50, surpassing analysts' projections of $0.45. Tesla's free cash flow for the quarter amounted to $1.4 billion, a 30% year-over-year decrease, primarily attributable to substantial investments in robotics and artificial intelligence R&D. Nevertheless, this figure outperformed analysts' expectations of a negative value. Consequently, Tesla's shares soared over 3% in post-market trading. Additionally, Tesla unveiled a $2 billion investment in xAI, underscoring its strategic focus on the burgeoning artificial intelligence sector.