Tesla won't make two of its car models
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On an earnings call, CEO Elon Musk confirmed that current owners will see support 'for as long as people have the vehicles.'
In a surprising turn of events, Tesla is killing off two of its car models to focus on making humanoid robots that are set to be released in 2027.
On Tesla's fourth-quarter earnings call, CEO Elon Musk said the company is ending production of its Model S and X vehicles.
Tesla is scrapping the Model S and Model X after a long agony, and their production line will be retooled to produce Optimus robots in the second half of 2026
A Tesla Bot could soon be yours to buy.
Tesla plans to more than double capital spending to a record high of more than $20 billion this year - but little of it will go to its traditional business of selling electric vehicles to human drivers.
1don MSN
Tesla made smallest annual profit since the pandemic, plans to spend big on robotaxis and robots
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. The EV company run by Elon Musk reported Wednesday that net income last year dropped 46% to $3.