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.

The company will stop making the pioneering EVs in the second quarter of 2026, CEO Elon Musk announced Wednesday.

Musk claimed the reason for killing Model S and Model X was “autonomy.” This sounds strange considering that those vehicles are equipped with the same auotnomous driving capabilities (Level 2) and hardware. But it started to make more sense when he said what will replace the production line in Fremont: Optimus production.

Tesla has officially removed lane-centering for Model 3 and Model Y trims in the U.S. It's a big nudge toward subscription Full Self-Driving.

The fact of the matter is, no matter how we look at vehicles, they are first and foremost products. Products, as we know, are made for the specific reason of fulfilling a need, which entails development and production costs,

The Tesla Model Y has established itself as a giant in the car industry, selling more vehicles in the world than any other car in 2023. However, a long-term test of an expected 2023 model shows a car that defies the traditional fun of driving.

The Tesla call has wrapped up and investors kept their focus on the eye-popping $20 billion capex number. Musk said that the company is making sure it can not only "scale to very high volume with autonomous vehicles,

Tesla Inc. plans to invest about $2 billion into xAI, giving Elon Musk’s artificial-intelligence startup a cash infusion despite a shareholder vote last year that failed to win approval.