Tesla, Fremont and annual profit
Digest more
Key Takeaways Elon Musk said Tesla would stop making the Model S sedan and Model X SUV later this year, freeing up factory space to make robots.The news for now means a smaller lineup of Tesla consumer vehicles—which Musk said was "part of our overall shift to an autonomous future.
Tesla will stop producing the Model S and Model X next quarter as Elon Musk shifts focus to autonomy and robots.
Posters that appeared at Tesla's California factories and a review of LinkedIn profiles show how the automaker is scaling its ride-hailing service.
Elon Musk said Tesla Inc. needs to build and operate what he is calling a “TeraFab” to manufacture semiconductors, a massive undertaking that will cost billions of dollars and mark another expansion beyond what had been the company’s core electric vehicle business.
The Tesla call has wrapped up and investors kept their focus on the eye-popping $20 billion capex number. Musk said that the company is making sure it can not only "scale to very high volume with autonomous vehicles,