Musk shuts down Tesla car lines
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Car models get canceled all of the time, even the iconic and successful ones. But for electric-vehicle fans, it's not hard to have mixed feelings about the demise of the Tesla Model S. (And, to a lesser extent, the Model X.)
Tesla is discontinuing its longest-serving models, the Model S and Model X, starting next quarter. This strategic shift prioritizes autonomous vehicles and next-generation technologies, with production winding down as sales of these legacy vehicles have plateaued.
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.
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Musk's Tesla goes full throttle on AI pivot despite first revenue decline
Tesla announced Wednesday it plans to put $2 billion into xAI, the artificial intelligence company run by CEO Elon Musk, while telling investors that its much-talked-about Cybercab robotaxi remains set to begin production sometime in 2025.