Tesla halts Model S and X production
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Tesla, Elon Musk
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CEO Elon Musk declared this week that the company’s Optimus 3 humanoid robot will “move the needle” on US GDP, backing the claim with a $20 billion capital spending commitment focused on robotics and autonomous vehicles.
On Tesla's fourth-quarter earnings call, CEO Elon Musk said the company is ending production of its Model S and X vehicles.
Andrea Nakano reports on the Tesla Fremont factory ending Model S/X production and using that part of the factory for mass production of humanoid robots. Website: YouTube: Facebook: Instagram: Twi
The Fremont factory will still manufacture Model 3 and Y, but the space where Model S and X are made will instead focus on mass production of Tesla's Gen 3 Optimus robots.
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 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.