Tesla is set to conclude the production of its Model S and Model X, marking the end of an era for these models, which have been in the lineup since 2012 and 2015, respectively. During an earnings call on Wednesday, CEO Elon Musk confirmed that this decision is part of a broader strategy to transition the company towards automation and robotics, specifically the production of the Optimus humanoid robots.
The move follows a noticeable decline in orders for the Model S and X, particularly in the European market, where Tesla ceased taking orders last summer. The Model S, noted for being the oldest active model, and the Model X, recognized for its unique design, will be phased out to make way for increased production space at the Fremont, California plant.
Musk expressed a bittersweet sentiment regarding the discontinuation, stating, “It’s time to bring the S and X programs to an end.” The remaining offerings will include the Model 3 and Model Y, with a focus shifting towards fulfilling Musk's ambitious visions for automation, which he believes will revolutionize industries and improve economic conditions for many.