Matt Frankel

I'm on the fence between the two sides that Tyler mentioned.

On one hand, Tesla's auto segment revenue declined 11% in the fourth quarter.

I don't really think it's a surprise to anyone.

There's just a lot more competition for EVs than there were just a couple of years ago.

It's only going to intensify.

GM is making a big push into EVs, and others are following suit.

I'm not sure if Tesla is necessarily papering over its declining auto business.

or that its leaders suddenly have a renewed sense of urgency to adapt to it before things get worse.

I'm also not surprised to see the Model S and X discontinued.

As John mentioned, it's roughly 5% of sales, and that includes the Cybertruck in that 5%.

These were aging vehicles.

They hadn't received a substantial refresh since their introduction other than the powertrain itself.

The Model S in particular has been in production since 2013, essentially looks exactly the same today.

Another issue is that I'm not sure how close Tesla is to actually producing a mass-produced autonomous humanoid robot like they say they're going to.

Elon Musk has said it's going to be available by the end of 2026, this year.

They don't have the best track record here.

The new Tesla Roadster was unveiled in 2017 as a concept.

It was supposed to be in production by 2020.

Now, the reveal date is set for April 1st of this year.

That timeline, I'm a bit skeptical.