The electric car brand’s premium models are set to be retired to make way for the production of its humanoid robots.

Tesla's decision to kill the Model S and X signals the end of an era, and a clear pivot toward robotics, autonomy, and higher-margin future technologies.

Electric vehicle maker Tesla's revenue and profits fell during the fourth quarter of 2025 despite record levels of production, it reported.

CEO Elon Musk says the company will close down production of two older car models, S and X, and convert the Fremont factory to produce its Optimus robots instead.

In its earnings report, Tesla says that the third-generation version of its Optimus humanoid robot “meant for mass production” will be unveiled in the first quarter of 2026.

Tesla is planning to end production of its Model S luxury electric sedan and Model X luxury electric SUV in the spring,

Tesla has a busy year ahead of it as it seeks to deliver on a series of initiatives, including expanding its ride-hailing service and beginning production for several new products. It’s still unclear how much that will cost.

Q4 deliveries miss, revenue/EPS estimates, and key catalysts like robotaxi, FSD, Optimus and AI5—read the latest now.