Federal Reserve official MUSALEM, in prepared remarks to a group, declined to comment on the economic outlook or monetary policy.

Musk said SpaceX (SPCX.O) Q4 revenue rose about 70% QoQ.

Elon Musk said Tesla will begin gradually cutting Cybertruck output at its Texas plant from mid‑2027 to free capacity for expanded Cybercab production. The Cybertruck, built near Austin since 2023, has struggled with weak demand and multiple recalls. Musk’s Friday social‑media post did not specify whether Cybertruck output would move to other plants or be discontinued. Tesla began producing a gold two‑seat Cybercab at the Austin plant this year, a robotaxi‑focused model central to Tesla’s stated pivot toward AI products, including humanoid robots. Musk previously projected potential Cybertruck capacity of up to 250,000 units a year depending on demand; first‑year sales were below one‑sixth of that target.