End of an era: Elon Musk says Tesla is no longer producing the Model S and X

Tesla has stopped production of the Model S and Model X, per Elon Musk. Musk previously said the luxury models would be scrapped to make room for the company's humanoid robot 'Optimus', indicating a strategic shift in product priorities that could affect Tesla's luxury vehicle lineup and revenue mix.

Analysis

Tesla has stopped production of the Model S and Model X, per Elon Musk. Musk previously said the luxury models would be scrapped to make room for the company's humanoid robot 'Optimus', indicating a strategic shift in product priorities that could affect Tesla's luxury vehicle lineup and revenue mix.