Tesla just killed most important car of 21st century
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Tesla's earnings report comes weeks after Elon Musk's automaker reported another decline in vehicle deliveries.
Tesla sends the Model S and Model X to live on a farm upstate, canceling its two longest-running EVs to make way for an autonomous, robotic future.
On Tesla's fourth-quarter earnings call, CEO Elon Musk said the company is ending production of its Model S and X vehicles.
The carmaker used its quarterly earnings report to describe itself as a 'physical AI company.' So far, investors don't seem rattled by the pivot.
In the final moments of Tesla's earnings call, Elon Musk urged companies to stop ignoring geopolitical risks by relying on foreign battery production.
The Fremont factory will still manufacture Model 3 and Y, but the space where Model S and X are made will instead focus on mass production of Tesla's Gen 3 Optimus robots.
Energy storage products like the Megapack, Megablock, and Powerwall drove
It turns out investors are willing to forgive huge capital spending if a company's core business is thriving.
Jan 29 (Reuters) - Elon Musk's SpaceX is considering a potential merger with Tesla as well as an alternative combination with artificial-intelligence company xAI, Bloomberg News reported on Thursday,