Related News

NEW DELHI: NASA’s Psyche spacecraft has pulled off a dramatic flyby of Mars, capturing striking close-up views of the Red Planet, including the massive Huygens Crater, as it slingshots deeper

For a long time, scientists believed that only amphibians like salamanders could regrow complex limbs. But then came some groundbreaking findings from Texas A&M University. Researchers there discovered that mammals

NASA’s Jet Propulsion Laboratory recently reached a significant achievement in space travel technology. They successfully tested a lithium-fed magnetoplasmadynamic (MPD) thruster, establishing a domestic power milestone for power output in

While staying at the Imperial Hotel in Tokyo during a lecture tour, Albert Einstein found himself in an awkward situation. A hotel bellboy had delivered a message to his room,

Have you ever wondered why rockets eventually tilt themselves after launch? Most people assume a rocket’s goal is to fly as high as possible, but ‘up’ is only the first

The Sombrero galaxy and its glowing halo of stars have never looked this good. The US National Science Foundation’s NOIRLab released the latest photo of the popular hat-shaped galaxy on

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Elon Musk says Tesla ending Models S and X production

Word Count: 303 | Estimated Reading Time: 2 minutes


A Model X is on display at a Tesla showroom on February 13, 2021 in Beijing, China.

VCG | Visual China Group | Getty Images

Tesla CEO Elon Musk said on Wednesday that the automaker is ending production of its Model S and X vehicles, and will use the factory in Fremont, California, to build Optimus humanoid robots.

“It’s time to basically bring the Model S and X programs to an end with an honorable discharge,” Musk said on the company’s fourth-quarter earnings call. “If you’re interested in buying a Model S and X, now would be the time to order it.”

The two models are Tesla’s oldest vehicles, and in recent years the company has slashed prices as global competition for electric vehicles has soared.

Tesla’s far more popular models are the 3 and Y, which accounted for 97% of the company’s 1.59 million deliveries last year.

In its earnings announcement on Wednesday, Tesla reported its first annual revenue decline on record, with sales falling in three of the past four quarters. Musk has been trying to turn attention away from traditional EVs and toward a future of driverless cars and humanoid robots, areas where the company currently has virtually no business.

Tesla is developing Optimus with the aim of someday selling it as a bipedal, intelligent robot capable of everything from factory work to babysitting.

Tesla said in the release that it plans to unveil the third generation of Optimus this quarter, its “first design meant for mass production.”

Musk said on the call that it’s replacing its production line for S and X in Fremont “with a 1 million unit per year line of Optimus.”

“Because it is a completely new supply chain,” Musk said, “there’s really nothing from the existing supply chain that exists in Optimus.”

This is breaking news. Please refresh for updates.



Source link

Most Popular Articles