Tesla is radically changing its strategy, announcing the halt of production for the Model X SUV and the luxury Model S sedan to focus on artificial intelligence. CEO Elon Musk emphasized that the company's future is no longer in luxury cars, but in the development of technologies such as the Optimus robot, for which the Fremont factory will be repurposed. This decision comes amid a decline in revenues in the automotive sector, with an 11% drop and 16% fewer deliveries, but Tesla has exceeded Wall Street expectations with revenues of $24.9 billion. Musk has promoted AI projects, including the fleet of autonomous Robotaxis, and announced a $2 billion investment in the startup xAI. With planned capital expenditures of $20 billion, Tesla is betting on future growth, despite challenges in the automotive market, including losing the title of the largest electric car manufacturer to BYD.
Sources
Tesla oprește producția a două modele de lux pentru a face loc „armatei de roboți” a lui Musk
Tesla will end Model S and X production, focus on humanoid robots at Bay Area factory
Tesla abandonează producția unor modele pentru a produce roboți umanoizi
Tesla oprește producție pentru modelele S și X și se concentrează pe roboți umanoizi
Tesla oprește producția pentru modelele S și X și se concentrează pe roboți umanoizi
Latest News
21:26
MAE warns that transport services in Italy will be affected by a general strike on October 29 and 30
21:02
The Commission is preparing a new SAFE round for all 27 EU member states, including those that did not initially request loans
20:53
The European Commission will assess refineries’ proposals to increase production and is preparing a joint roadmap
20:53
George Simion announces protests after the extension of Călin Georgescu’s pretrial detention: “Dictatorships never end well!”
20:44
The leader in Tiraspol extended the high level of terrorist alert in Transnistria by another 60 days
See more news