Tesla pivots to AI and robotics with $20 billion investment, scales Robotaxi and Optimus

Tesla Inc. is streamlining its vehicle portfolio while mapping out $20 billion of investment this year as it pivots to robotics and autonomous driving. The massive planned capital expenditure, announced during the company’s conference call, underscores Tesla’s ambitions to refocus its business. The EV maker is increasingly emphasizing the potential of artificial intelligence, driverless technology and humanoid robots to drive future growth as its traditional business of selling automobiles struggles.This ye ...