Tesla shares kicked off 2026 with a rough start, as the company lost its title of the world’s biggest electric vehicle maker to China’s BYD early this month due to a decline in deliveries.

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.

Tesla is set to report earnings after the market closes today, with traders expecting a sizable move from the electric vehicle maker's stock following the results.

Tesla enjoyed almost $5.7 billion of U.S. income in 2025 but paid $0 in federal income tax. Over the past three years, the Elon Musk-led company reported $12.5 billion of U.S. income on which its current federal tax was just $48 million.

Tesla has resumed US production of Model Y batteries with its in-house 4680 cells—more than two years after the company halted production of the Model Y with

This merger would bring the Grok chatbot, Starlink satellites, and SpaceX rockets together under one corporation.

-- Tesla recently removed the safety driver from its fleet in Austin, which Ives says is an important first step in its long-term vision for Robotaxi. It also plans to expand to multiple metro areas this year.

The Big Tech earnings reporting season will kick off this afternoon as Meta, Microsoft and Tesla are slated to release quarterly results after the closing bell. Follow our live coverage here.