Tesla's Bet: Robotaxis, Robots, and a SpaceX Merger

Tesla still builds cars, but Elon Musk has stopped pretending that is the point. He has turned the company's attention away from selling vehicles and toward a driverless Robotaxi service, a humanoid robot he insists will dwarf everything the company has ever made, and now the floated idea of merging with SpaceX. The automaker that by 2020 held the richest market cap of any carmaker is spending like a firm that would rather be an AI company, and the earnings tell the story.

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