Tesla ditches Model S and X for robots
Digest more
Tesla's ending Model S and X production at its Fremont plant to build a million Optimus robots annually amid plunging profits and sales.
Tesla’s nascent robotaxi program is off to a rough start. New NHTSA crash data, combined with Tesla’s new disclosure
By Chris Kirkham and Akash Sriram LOS ANGELES, Jan 28 (Reuters) - Tesla plans to more than double capital spending to a record high of more than $20 billion this year - but little of it will go to its traditional business of selling electric vehicles to human drivers.
Tesla fast-tracks Optimus humanoid robots, shifting factory space and strategy as Musk promises mass production and a poverty-free future.
During the company’s Q4 earnings report, Tesla announced that it beat expectations, bringing in $24.9 billion versus the $24.7 billion Wall Street expected. That seems like good news, though the company reported a decline in revenue of three percent,
On Tesla’s earning call, Elon Musk described how some car models were being discontinued to make way for robot manufacturing, giving investors a new look at Tesla’s future with humanoid robotics. CNN’s Hadas Gold reports.