Tesla Books $573M in Sales to SpaceX and xAI, Launches Cybercab Production
Tesla generated $573.4 million in sales last year to Musk’s other ventures—$430.1M from xAI and $143.3M from SpaceX—and booked an extra $78.1M through February. Meanwhile, Cybercab production has started while EV demand softens, competition intensifies and margins face pressure.
1. Significant Revenue from Musk’s Other Ventures
Tesla’s amended annual filing revealed $573.4 million in revenue last year from sales to xAI and SpaceX, with $430.1 million from xAI and $143.3 million from SpaceX. The company also booked $78.1 million in additional xAI revenue through February, highlighting continued internal sales growth.
2. Cybercab Production Commences as EV Segment Faces Pressure
Tesla has started production of its long-awaited Cybercab robotaxi, marking its entry into autonomous transport hardware. This milestone coincides with reports of softening demand in its core electric vehicle business, intensifying competition and margin pressures on its automotive segment.