Tesla is killing 2 popular car models to make robots
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Earnings season is in full swing, with 102 companies in the S&P 500 index reporting earnings this week, according to LSEG. ↘️ Tesla (TSLA): The automaker [canceled two electric-vehicle models](
Tesla's earnings report comes weeks after Elon Musk's automaker reported another decline in vehicle deliveries.
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.
In the final moments of Tesla's earnings call, Elon Musk urged companies to stop ignoring geopolitical risks by relying on foreign battery production.
Energy storage products like the Megapack, Megablock, and Powerwall drove
Tesla CEO Elon Musk said Wednesday that the company will discontinue production of the Model S and Model X, reducing the lineup to essentially three vehicles. So, what's next?
Electric vehicle maker Tesla's revenue and profits fell during the fourth quarter of 2025 despite record levels of production, it reported.
Initially, when electric-car maker Tesla ( TSLA 3.45%) released its fourth-quarter results, the stock popped. But shortly after the market opened on Thursday, the stock's return for the day turned negative. This has added to the stock's weakness in recent weeks. As of this writing, the stock is down more than 11% over the past month.