Tesla confirmed that its annual revenues fell for the first time in the company’s history last year, as the firm announced plans to pivot towards humanoid robots and possibly build its own semiconductor factories during an earnings call on Wednesday. The US-based company reported total revenues of US$94.8 billion for 2025, down by 3 per cent compared with the previous year. But revenues and gross profits beat analysts’ estimates in the final quarter of last year, coming in at US$24.9 billion and US$5 billion, respectively. Tesla’s stock price surged in after-hours trading following the announcements. Tesla CEO Elon Musk’s political activities, especially his previous affiliation with US President Donald Trump, may also have had an impact on sales, especially in the European market.