Tesla Discontinues Model S And X

Tesla CEO Elon Musk said on the company’s fourth-quarter earnings call that Tesla will discontinue the Model S and Model X next quarter and repurpose the Fremont production lines for Optimus robot manufacturing. Musk set a long-term goal to produce one million robots annually and said Tesla will continue supporting existing owners. The announcement followed earnings that beat expectations and a $2 billion investment into xAI.