Tesla Is Killing 2 Iconic Car Models To Make Robots
Digest more
CEO Elon Musk recently provided encouraging updates on Tesla's autonomous driving and humanoid robotics technology.
Fast Lane Only on MSN
Musk’s wild self-driving push could make or break Tesla’s earnings
Tesla, Inc has reached a turning point where its bold promise of self driving is no longer a distant narrative but the central test of its financial future. As growth in its core electric vehicle business slows and margins come under pressure,
Elon Musk admitted something Tesla bulls didn’t want to hear: the Cybercab and Optimus rollout will be “agonizingly slow.” While Tesla stumbles on promises made years ago, Waymo (NASDAQ:GOOGL) is already operating robotaxis in San Francisco,
Tesla appears to be quietly rolling out a new version of its Full Self-Driving computer, "Hardware 4.5", or "AI4.5."
Tesla CEO Elon Musk announced a $2B investment into xAI and the discontinuation of Model S and Model X in order to support Optimus robot production.
Tesla stock jumps as Model S and X are retired, highlighting Musk’s pivot toward AI, robotics and autonomous driving.
The company announced it was ending production of its higher-end Model S and Model Y, and turning that production space over to making humanoid robots.
Construction will begin in the first half of 2026 at select Pilot travel centers in California, Georgia, Nevada, New Mexico and Texas
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.