Tesla is killing 2 popular car models to make robots
Digest more
On an earnings call January 28, Tesla CEO Elon Musk told investors the automaker will “basically stop production of Model S and X next quarter.”
Tesla Inc. will spend over $20 billion on a dramatic reshuffling of factory lines reflecting Elon Musk’s repositioning of the carmaker coming off a multiyear sales slump.
Tesla’s nascent robotaxi program is off to a rough start. New NHTSA crash data, combined with Tesla’s new disclosure
Electrified vehicles accounted for a bigger market share of the European auto sector than their gasoline counterparts. Gasoline Registrations Drop Gasoline registrations fell in the market towards the end of the year by 18.
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.
By Akash Sriram and Abhirup Roy Jan 28 (Reuters) - Tesla said on Wednesday it will invest $2 billion in CEO Elon Musk's artificial-intelligence company xAI - and that production plans for its Cybercab robotaxi were on track for this year.