Tesla CEO Elon Musk announced a $2B investment into xAI and the discontinuation of Model S and Model X in order to support Optimus robot production.
Along with its ambitious spending plans, Tesla also announced the discontinuation of its Model S and X vehicles. The company will now use the capacity of these plants to manufacture Optimus humanoid ...
For the fourth quarter of last year, Tesla’s net income also plunged, down 61% to $840 million, or 24 cents. Excluding ...
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Tesla to end Model S and X production to make room for robots
Tesla is set to discontinue its larger electric car models, the Model S and Model X, to free up capacity for robot production, the US automaker owned by Elon Musk said on Wednesday. Owners of the ...
Musk described the planned TeraFab as a massive, multi-billion-dollar plant encompassing logic, memory and packaging production, with operations located in the United States. It would mark a ...
The news supported Musk's plan to pivot Tesla from an electric vehicle maker to an AI company, which is key to the company's roughly $1.5 trillion valuation ...
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