Tesla stock (TSLA) pares after-hours pop after $2 billion xAI bet — what traders are watching
Tesla shares rose 0.1% to $431.46 after hours Wednesday following a $2 billion investment in Elon Musk’s AI startup xAI and a quarterly report that beat Wall Street estimates. Revenue fell 3% to $24.9 billion, net income dropped 61% to $840 million, and vehicle deliveries declined 16%. Tesla listed new robotaxi markets for 2026, including Dallas, Houston, and Las Vegas.