Tesla Shifts to Robots: A Risky Gamble Amidst Car Sales Decline
Tesla CEO Elon Musk revealed plans to phase out the Model S and Model X electric vehicles this year during a call with investors. This shift is part of a larger company strategy to focus on robotaxis and humanoid robots, coinciding with the retooling of a California factory for Optimus robot production. While the Model S and Model X played a crucial role in the early adoption of electric vehicles and Tesla’s growth, sales have recently slowed due to increased competition and other factors. Musk also noted that despite the change in production, Tesla would continue to support existing vehicles.
John Q. Hosedrinker