{"id":26596,"date":"2026-05-04T11:48:14","date_gmt":"2026-05-04T11:48:14","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/26596\/"},"modified":"2026-05-04T11:48:14","modified_gmt":"2026-05-04T11:48:14","slug":"tesla-stock-higher-for-week-as-semi-starts-production-company-nets-573m-in-sales-from-spacex-xai-last-year-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/26596\/","title":{"rendered":"Tesla stock higher for week as Semi starts production, company nets $573M in sales from SpaceX, xAI last year"},"content":{"rendered":"

Tesla (TSLA<\/a>) stock finished the day and week higher, following last week\u2019s drop in the wake of earnings.<\/p>\n

Last week, investors were alarmed by Tesla\u2019s rising capital expenditures<\/a> toward its AI and robotics initiatives.<\/p>\n

CFO Vaibhav Taneja said the company\u2019s 2026 estimate for capital expenditures will be \u201cover $25 billion\u201d and will result in negative free cash flow for the rest of the year.<\/p>\n

Tesla stock fell around 7% last week but gained 3.9% this week.<\/p>\n

On the positive front, on Wednesday, Tesla announced that the first Tesla Semi rolled off the \u201chigh volume\u201d production line located in Sparks, Nev. Tesla had been producing the Semi in limited quantities for testing with select clients like Frito-Lay, but now it appears the first production, salable versions are coming off the line.<\/p>\n

The Semi was unveiled in 2017, with missed production target dates of 2019, 2020, and so on, before Tesla started its pilot test with Frito-Lay in 2022.<\/p>\n

Tesla said the trucks will come in two trims: the Standard Range with 325 miles and the Long Range with 500 miles. Per Electrek<\/a>, Tesla is quoting $260,000 for the Standard and $290,000 for the Long Range variant.<\/p>\n

Another interesting tidbit revealed this week is how much CEO Elon Musk\u2019s other companies are boosting Tesla\u2019s top-line revenue.<\/p>\n

Per Tesla\u2019s amended annual filing, the company recognized $573 million in sales from both SpaceX (SPAX.PVT<\/a>) and xAI. The biggest chunk, $430.1 million, came from xAI, presumably for things like Megapack battery storage, with the rest coming from SpaceX. Bloomberg<\/a> was first to report on the filing.<\/p>\n

Earlier this month, Bloomberg reported that SpaceX purchased $100 million worth<\/a> of Cybertrucks in Q4, which likely was the lion\u2019s share of SpaceX\u2019s spend with Tesla. SpaceX\u2019s purchase accounts for nearly 18% of the total Cybertrucks sold in the US that quarter \u2014 a staggering amount.<\/p>\n

It all speaks to the interconnectedness of Elon Musk\u2019s companies and the moves that benefit one another. SpaceX last year purchased Musk\u2019s xAI for $250 billion, a move that bailed xAI investors but is dilutive to current SpaceX shareholders. The deal gave the combined entity an enterprise value of $1.25 trillion.<\/p>\n

Pras Subramanian is Lead Auto Reporter for Yahoo Finance. You can follow him on X<\/a> and on Instagram<\/a>.<\/p>\n

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