Elon Musk says Tesla will stop producing its S and X models
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Tesla's earnings report comes weeks after Elon Musk's automaker reported another decline in vehicle deliveries.
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.
Tesla earnings beat Wall Street's estimates. The stock rose in after hours trading. A call with analysts is scheduled for 5:30 p.m. ET.
The Model S sedan and Model X SUV sell in smaller quantities compared to the Model 3 and Model Y, which together represent the majority of Teslas global sales.
Tesla CEO Elon Musk is convinced that anyone who tries his EV maker’s highest-level driver assistance product, Full Self-Driving, won’t be able to live without it. He isn’t wrong. Barron’s took the latest version, number 14, of Tesla’s FSD for ...
Tesla will stop producing the Model S and Model X next quarter as Elon Musk shifts focus to autonomy and robots.
The revolutionary Tesla Model S and Model X have met the end of their road for...robots?
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