Tesla's earnings report comes weeks after Elon Musk's automaker reported another decline in vehicle deliveries.

The Model S deserved better than this.

Tesla CEO Elon Musk said Wednesday that the company will discontinue production of the Model S and Model X, reducing the lineup to essentially three vehicles. So, what's next?

The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.

As it reported another quarter and year of disappointing financial results, the automaker and CEO Elon Musk talked up plans that could have impacts in Texas.

Tesla experienced drops of 54% in 2018, 61% during the Covid crash, and 74% in the recent inflationary shock. Despite robust growth, these steep declines illustrate that considerable risk is ever-present. View TSLA Dip Buyer Analyses to understand how the stock has rebounded from significant declines in the past.

In Tesla's annual financial filing, the company said that last year it sold $430 million worth of its energy storage products to xAI, Elon Musk's AI startup.

Initially, when electric-car maker Tesla ( TSLA 3.45%) released its fourth-quarter results, the stock popped. But shortly after the market opened on Thursday, the stock's return for the day turned negative. This has added to the stock's weakness in recent weeks. As of this writing, the stock is down more than 11% over the past month.