Tesla, Model X
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Tesla's premium models will soon be a thing of the past.
Tesla Inc. (NASDAQ:TSLA) will stop producing the Model S, as well as the Model X, CEO Elon Musk confirmed during the company's fourth-quarter earnings call. Tesla Ends Model S, Model X Production During Tesla's Q4 earnings call on Wednesday,
Used car values for Tesla’s Model X, S and Y have plummeted over the last year, with losses outpacing every other major vehicle segment. According to iSeeCars, the average price drop for these Tesla models exceeded 13%, and for the Model X and S, the dip ...
Tesla is preparing to phase out two of its longest-running premium EVs. During its latest quarterly results discussion, CEO Elon Musk said the company will stop producing the Model S and Model X in the second quarter of 2026.
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Tesla Model S and X Will Die This Year, So We're Told
Two of the oldest vehicles on the market, and the halo EVs that started the Tesla uprising are soon to be discontinued. That’s right, the Tesla Model S and Tesla Model Y are on life support, dying off next quarter.
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Tesla’s preparing to wind down production of the Model X this spring as it shifts its focus toward building humanoid robots.
The automaker also said it would invest $2 billion in xAI, the artificial intelligence company controlled by its C.E.O., Elon Musk, and stop making the two oldest models in its lineup.