Tesla CEO Elon Musk said Wednesday that the company would begin phasing out its Model S and Model X electric vehicles this year and retool a California factory to produce humanoid robots instead

Tesla is giving the Model S and Model X the ax. Recent sales figures help explain why.

Tesla has revealed it will stop production of its Model S and Model Y cars in an effort to shift production focus to its Optimus robots.

On Tesla's fourth-quarter earnings call, CEO Elon Musk said the company is ending production of its Model S and X vehicles.

Tesla CEO Elon Musk said the EV maker will discontinue the Model S and X, Tesla's premium sedan and SUV offerings, in the next quarter.

Tesla CEO Elon Musk said Wednesday that the company will discontinue production of the Model S and Model X, reducing the lineup to essentially three vehicles. So, what's next?

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.”

Tesla will end Model S and Model X production, converting its Fremont factory to build Optimus humanoid robots and expand robotaxi ambitions.

When the company soon stops building the Model S, it will mark the end of arguably the most influential car of the modern era, long the lifeblood of the electric-vehicle maker.

Tesla currently has the base Model S and the Model S Plaid on offer - is it a good buy, or do rivals give you a better deal?