Tesla won't make two of its car models
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Tesla CEO Elon Musk said the EV maker will discontinue the Model S and X, Tesla's premium sedan and SUV offerings, in the next quarter.
Tesla sends the Model S and Model X to live on a farm upstate, canceling its two longest-running EVs to make way for an autonomous, robotic future.
Tesla just wrapped up its earnings call for the 2025 fiscal year, in which it recorded that its year-on-year profits dropped by nearly half. Its GAAP net income came to US$3.8 billion, down from $7.1 billion in 2024,
Tesla's Fremont factory named as the production site for the new Optimus robot while continuing vehicle production.
Tesla will discontinue the Model S and X this spring, converting Fremont production to its Optimus robot program.
New York — Tesla’s annual profit plunged to its lowest level since the pandemic five years ago as it lost the title of the world’s biggest electric vehicle maker to a Chinese rival and boycotts hammered sales.
Basically, driving a car like the Model S isn’t the future, but a car driving you is. In a first for the company, Tesla revealed it has 1.1 million paying subscribers for its full self-driving (FSD) business.
Tesla will end production of its Model S sedan and Model X SUV and convert assembly lines at its California factory to manufacture Optimus humanoid robots, CEO Elon Musk said.