Tesla Investors Focus on SpaceX IPO Access, AI Projects Ahead of Q4 Earnings

Tesla (TSLA) investors are prioritizing SpaceX IPO participation rights and AI initiatives over quarterly financial results ahead of the company's Q4 earnings report due Wednesday, January 28. A shareholder group holding approximately 1.4 million TSLA shares has questioned whether long-term Tesla investors will receive preferential access to SpaceX's potential public offering, which could value the company at $1.5 trillion. Investors are also seeking updates on Tesla's Robotaxi deployment in Austin, Optimus humanoid robot commercialization timeline, and Full Self-Driving subscription transition. Despite these future-focused inquiries, Tesla faces near-term challenges with Q4 revenue projected to decline 2.4% year-over-year to $25.1 billion and adjusted EPS expected to drop to $0.46 from $0.60. The company delivered approximately 1.64 million vehicles in 2025, down from 1.78 million in 2024. Options markets imply a 6.5% post-earnings stock move, though recent quarters have shown decreasing volatility with Q3 2025 actual movement at just 2.3%.