Tesla ends production of Model S and Model X vehicles
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Tesla CEO Elon Musk announced the company will be discontinuing two of its older model EVs to make way for Ai-powered robots. Here's what we know.
Tesla plans to take the Model S/X production space in Fremont and convert it into an Optimus factory, targeting 1M units/year in that footprint. Read more here.
Musk shared that Tesla will be converting its Fremont vehicle plant to Optimus robotics production lines during the company's Q4 2025 conference call.
Jan 30 (Reuters) - Shares of Tesla jumped nearly 5% on Friday after reports that SpaceX was in deal talks with Elon Musk's other companies stoked investor hopes that the billionaire's tech empire could be unified further.