Shares of Tesla are trading higher Thursday morning. CEO Elon Musk announced that his AI chatbot, Grok, will be integrated into Tesla vehicles as early as next week.

Tesla has come under scrutiny recently. Tesla CEO Elon Musk announces major change that will make Cybertruck owners very happy — here are the details first appeared on The Cool Down.

Grok AI will be available in Tesla vehicles next week "at the latest", the EV maker's CEO, Elon Musk, said in a post on X on Thursday.

Tesla faces declining sales, intense competition, and overhyped ventures while leadership concerns grow and FSD lags peers. Read why TSLA stock is a sell.

Earnings are expected to be around $0.44 per share, according to consensus estimates, reflecting a 15% drop compared to the previous year, while revenues are anticipated

Despite these issues, Tesla investors appear to be convinced that the company will experience a surge in sales trends at some point. This is evident by the wild premium the stock commands. Shares trade at a price-to-earnings ratio of 169 as of this writing. A valuation like this bakes in huge sales and earnings growth for years to come.

Tesla will expand its robotaxi service to the San Francisco Bay Area "in a month or two", depending on regulatory approvals, CEO Elon Musk said on Wednesday.

Tesla has yet to schedule its annual shareholder meeting in accordance to Texas law four days ahead of the deadline, and investors are restless.