Tesla Model S, Elon Musk
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The Model S deserved better than this.
Tesla's earnings report comes weeks after Elon Musk's automaker reported another decline in vehicle deliveries.
Tesla CEO Elon Musk said Wednesday that the company will discontinue production of the Model S and Model X, reducing the lineup to essentially three vehicles. So, what's next?
Instead, the company focused on its best-selling SUV and sedan, the Model Y, and Model 3, while sales of the Model S and X dwindled. When reporting sales, Tesla lumps all of its premium models together in the "other models" category, and in the last quarter of 2025, it sold only 11,642 of these, a 51 percent year-over-year decrease.
Energy storage products like the Megapack, Megablock, and Powerwall drove
SpaceX is considering a potential merger with Tesla Inc., as well as an alternative combination with artificial intelligence firm xAI, according to people familiar with the matter, a sign billionaire Elon Musk is weighing how to consolidate his empire.
The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.
This merger would bring the Grok chatbot, Starlink satellites, and SpaceX rockets together under one corporation.
Investors are going to have to get used to robo-taxi safety data as the services expand across the U.S.