Why did Tesla stock move after-hours on January 29?

Investors reacted to the first annual revenue decline, plans to discontinue S and X, and a pivot toward AI and robotics. The long-term upside from xAI and Optimus offset near-term concerns about capex and demand. That mix led to a modest after-hours lift as the market reassessed risk and reward.

What is in Tesla’s AI plan, and how might it make money?

The plan includes a $2bn investment in xAI and scaling Optimus robots in California. Monetisation could come from paid AI software, enterprise services, and robotics deployments that reduce labour costs. Investors will watch for pilot wins, commercial contracts, and margin contribution over time, not just demos.

Is Tesla stock overvalued after this update?

Valuation is rich versus autos, with a high P/E and price-to-sales. Bulls think AI and software can grow into the multiple. Bears point to execution risk and rising capex. A sensible approach is phased entries, tracking margins and AI milestones before increasing exposure, and using predefined risk limits.

How should Australians invest in TSLA given currency risk?

TSLA trades in USD, so AUD/USD moves can add or subtract from returns. You can hedge with certain brokers or accept FX exposure and size accordingly. Check fees, liquidity, and tax settings, and consider gradual buying to smooth currency swings across time.

Global Market Insights

TSLA Stock Today: January 29 Pivot to AI as S/X Ends, Revenue Falls

ByDanny Kontos January 29, 2026January 29, 2026

Tesla stock is in focus after the company reported its first-ever annual revenue decline and said it will discontinue Model S and X while shifting resources to AI and robotics. The plan includes a $2bn investment in xAI and scaling Optimus robots in California. Shares ticked up after hours as investors weighed long-term AI upside against higher capex and softer auto demand. For Australians, TSLA trades in USD, so FX and US market hours add another layer to returns and risk.