Tesla profits slumped 46% last year, as it lost its crown as the top EV seller

A 2023 Model X sports-utility vehicle sits outside a Tesla dealership Sunday, June 18, 2023, in Littleton, Colo.

The company announced it was ending production of its higher-end Model S and Model Y, and turning that production space over to making humanoid robots.

(Image credit: David Zalubowski)