Tesla sees 1st annual revenue drop
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Space in the EV-maker’s Fremont factory will be used to produce 1 million Optimus 3 robots annually, Musk says. He also revealed the timeline for their release.
Elon Musk confirms Tesla will retire the Model S and X, closing a chapter on two of its most influential vehicles as the company changes direction
Key Takeaways Elon Musk said Tesla would stop making the Model S sedan and Model X SUV later this year, freeing up factory space to make robots.The news for now means a smaller lineup of Tesla consumer vehicles—which Musk said was "part of our overall shift to an autonomous future.
High hopes for Optimus robot help company beat forecasts despite yearly revenue decline and flailing car business
The company will stop making the pioneering EVs in the second quarter of 2026, CEO Elon Musk announced Wednesday.
Tesla is officially retiring its flagship Model S and Model X as Elon Musk pivots the firm toward a future of robotics.
The company announced it was ending production of its higher-end Model S and Model Y, and turning that production space over to making humanoid robots.