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, Musk relayed the news to investors and analysts that the automaker would be scrapping its two premium offerings. “It’s time to bring the Model S and X programs to an end with an honorable discharge,” Musk said, adding that Tesla intends to “basically stop production” of the vehicles next quarter.
The company has delivered an estimated 730,000 to 740,000 units of both cars since their introduction in 2012 and 2016.
Musk also outlined that the Model S and X production at the Fremont, California, facility would be converted to produce the Optimus humanoid robot as Tesla shifts “to an autonomous future.”
Speaking of which, Musk also shared that the Cybertruck would be converted to a “fully autonomous line” in the future, adding that …