Tesla to Discontinue Model S and Model X to Focus on Robotics

"...In one fell swoop, the company killed off its original flagship EVs, the Model S and Model X, to make room for the mass production of a humanoid robot that, as we’ve seen numerous times, struggles with basic tasks...."

"...And Musk’s political activities, and his divisive public persona, have turned the Tesla brand toxic for a broad swath of the company’s progressive customer base...."

"...It feels like Tesla is a car company in name only...."

"...The death of Tesla’s car business has been enabled every step of the way by Tesla’s board and its shareholders...."

"...But Tesla isn’t going to sell enough FSD subscriptions to make up for main source of its revenue, which is selling cars — not in the near term, and probably not in the long term either, given the slow pace of autonomy development...."

"...Chasing the robot/robotaxi dream is enormously expensive: Tesla estimates it will spend $20 billion in capital expenditures in 2026, more than double the $8.5 billion it spent last year...."

"...Toward the end of the earnings call, Musk admitted that a lot of that spending will be “out of desperation.”..."