Tesla Model S, Axed
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Tesla sends the Model S and Model X to live on a farm upstate, canceling its two longest-running EVs to make way for an autonomous, robotic future.
On an earnings call January 28, Tesla CEO Elon Musk told investors the automaker will “basically stop production of Model S and X next quarter.”
Earnings season is in full swing, with 102 companies in the S&P 500 index reporting earnings this week, according to LSEG. ↘️ Tesla (TSLA): The automaker [canceled two electric-vehicle models](
That would be the announcement that Tesla will officially stop production of the Model S and Model X. “I guess I have one, not exactly bad news, but it’s time to bring the Model S and X programs to an end with an honorable discharge,
Tesla’s revenue fell about 3% to roughly $94.83 billion in 2025, marking the company’s first annual decline in revenue.