Tesla's Model S & X: End of an Era
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Teslas iconic Model S and Model X sedans and SUVs are nearing the end of their production run, with only a few hundred units left in inventory. Sales have been declining since 2017, as the more affordable Model 3 and Model Y have taken center stage. Despite their waning popularity, these models were groundbreaking, challenging perceptions of electric vehicles and inspiring traditional automakers to innovate.
Looking ahead, Elon Musk is shifting focus from a budget EV to artificial intelligence, repurposing the Fremont factory for Optimus humanoid robots. The Cybercab, a two-seater autonomous ride, will begin production in Austin, Texas, this month. However, the Cybercab faces significant challenges, including federal regulations and unproven self-driving technology. Musk believes autonomous vehicles will soon dominate the market, potentially making Tesla an AI powerhouse beyond cars.
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