Tesla discontinues Model X and S vehicles as Elon Musk pivots to robotics
9 days ago
- #Tesla
- #Elon Musk
- #Electric Vehicles
- Tesla to discontinue Model X SUV and Model S sedan production next quarter.
- Fremont factory to be converted for Optimus robot production.
- Tesla's Q4 earnings beat expectations despite a 3% revenue decline.
- Automotive revenues dropped 11% year-over-year in 2025.
- Vehicle deliveries fell 16% year-over-year, especially in Europe.
- Tesla shifts focus to AI-driven projects like Optimus and Robotaxis.
- Optimus production planned before end of 2026, public sales in 2027.
- Tesla invests $2bn in Musk's AI company, xAI.
- Capital expenditure set at $20bn, exceeding analyst estimates.
- Tesla faces competition from BYD, now the largest EV maker.