Elon Musk Says Tesla Will Discontinue Mannequin S and X

Tesla CEO Elon Musk stated on Wednesday that the corporate shall be discontinuing the Mannequin S and X within the subsequent quarter, bringing an finish to the EV maker’s extra premium SUV and sedan fashions.

“It is time to mainly convey the Mannequin S and X packages to an finish with an honorable discharge, as a result of we’re actually shifting right into a future that’s based mostly on autonomy,” the CEO stated throughout Tesla’s fourth-quarter earnings name.

Musk stated Tesla is changing the Mannequin S and Mannequin X manufacturing strains in its Fremont Manufacturing facility in California with an Optimus manufacturing unit, with the long-term objective being to provide a million robots a yr.

Tesla will proceed to help the Mannequin S and Mannequin X automobiles for so long as individuals have them, Musk stated, including that for individuals desirous about proudly owning one, “now could be the time to order it.”

The CEO stated the shift was “barely unhappy” however a part of the corporate’s “total shift to an autonomous future.”

Tesla’s inventory was up Wednesday after the corporate beat earnings expectations and introduced it will make investments $2 billion into xAI, Musk’s AI firm.

This can be a creating story. Test again for updates.