Elon Musk is pivoting Tesla
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Tesla's premium models will soon be a thing of the past.
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.”
At a bone-chilling 9°F, one Chicago Tesla Model X owner woke up to a "1% battery nightmare" and a portable charger that refused to budge from 0 miles per hour for three agonizing hours.
Tesla plans to spend more than $20 billion on capital projects in 2026, as the company spends heavily to invest in what CEO Elon Musk called an "epic future." Investors didn't take kindly to such plans,
Tesla Inc. plans to invest about $2 billion into xAI, giving Elon Musk’s artificial-intelligence startup a cash infusion despite a shareholder vote last year that failed to win approval.