Is Tesla's pivot to robotics coming at the cost of its car business?
Tesla is shifting focus to robotics and semi trucks, causing analysts to worry about its core car business as sales have slowed. Despite sluggish car sales, investors remain optimistic about Tesla's ventures into autonomy and robotics.
Tesla is pivoting to robotics and semi trucks, raising concerns among analysts about its core car business. The company's EV lineup is considered aging, with sales slowing compared to previous years. Tesla reported producing 408,386 cars globally in the first quarter of 2026 but sold only 358,023 vehicles. CEO Elon Musk stated that Tesla is making an 'overall shift to an autonomous future' and predicted its Optimus robot will be its most important product. Tesla has ended production of its Model S and Model X, and has thousands of unsold EVs. Investors remain optimistic, with Bank of America recommending Tesla's stock due to its leadership in the 'Auto 2.0 landscape'.
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