Tesla ends Model S, X
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Tesla CEO Elon Musk announced Wednesday the company is scrapping the production of its Model S and X vehicles, and
In the Q4 earnings call for Tesla, Elon Musk said the Fremont factory would stop production of Model S and X vehicles, and instead, it will pivot to producing Optimus robots.
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 dominated the electric vehicle industry by the mid-2010s with sleek, fast cars that helped combat the public perception that EVs were severely limited by short ranges.