Tesla Expands Beyond EVs, Diving Into Robots, Solar, and Robotaxis

CEO Elon Musk touts new initiatives as Tesla's core electric vehicle business faces stagnation.

Published on Feb. 15, 2026

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Tesla is expanding beyond its core electric vehicle (EV) business, accelerating development of new initiatives like solar panels, robotaxis, and even household robots priced between $20,000 and $30,000. While Tesla has been working on these projects for some time, CEO Elon Musk is now touting them as an "infinite money glitch" that could provide much-needed growth as the company's EV sales have stagnated, facing increased competition from rivals like BYD, Volkswagen, and Chevrolet.

Why it matters

Tesla's pivot to new business lines like solar, robotics, and autonomous vehicles comes as its EV sales have plateaued, with the company only clearing around $4,000 in profit per vehicle compared to over $10,000 in 2022. This suggests Tesla's core business is facing headwinds, forcing the company to accelerate development of potentially lucrative side projects to drive future growth.

The details

Tesla plans to start selling humanoid household robots by the end of 2027, in addition to ramping up its solar panel business and autonomous robotaxi technology. However, the company faces competition in these new markets from other players like Neura, 1X, Atom, and Figure AI. There are also concerns that Musk has a history of overpromising and underdelivering on ambitious timelines.

  • Tesla's EV sales peaked in 2023, with revenue also reaching its highest point that year.
  • Musk discussed Tesla's shift to an "autonomous future" at the Davos conference in late January 2026.

The players

Tesla

An American electric vehicle, solar energy, energy storage, and autonomous driving company.

Elon Musk

The CEO of Tesla, who has a history of making bold claims about the company's future products and timelines.

BYD

A Chinese electric vehicle manufacturer that has been gaining market share globally.

Volkswagen

A German automaker that has been expanding its electric vehicle offerings in Europe.

Chevrolet

The American automobile division of General Motors, which has launched several new electric vehicle models.

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What they’re saying

“Tesla's 'overall shift to an autonomous future' underway now was described as an 'infinite money glitch' back in October, suggesting billions of accessible liquidity are in the offing.”

— Elon Musk, CEO, Tesla (fool.com)

What’s next

Tesla plans to start selling its humanoid household robots to consumers by the end of 2027, though the company faces competition from other players in the emerging robotics market.

The takeaway

Tesla's pivot to new business lines like solar, robotics, and autonomous vehicles suggests its core electric vehicle business is facing significant headwinds, forcing the company to seek out new avenues for growth. However, the success of these new initiatives remains uncertain, and investors should be cautious about Musk's ambitious timelines and claims.