https://www.live-feeds.com/feed/elon-musk-sets-lower-sales-target-for-tesla-as-it-explores-spacex-mergerContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/elon-musk-sets-lower-sales-target-for-tesla-as-it-explores-spacex-mergerhttps://www.live-feeds.com/feed/elon-musk-sets-lower-sales-target-for-tesla-as-it-explores-spacex-merger#u154370Sun, 25 Oct 2026 14:45:26 +0000Tesla chief executive Elon Musk has reduced the carmaker's long-term vehicle sales target to 5 million cars a year by 2030, marking a major reduction from his previous 20 million goal. The downward revision comes as Tesla reports flat revenue and falling profits while pivoting its focus toward artificial intelligence and robotics. Additionally, Musk confirmed that both Tesla and SpaceX have formed independent committees to evaluate a potential merger between the two companies. Tesla's recent financial results show profit slumps and weaker vehicle sales as money is poured into new tec