Elon Musk is pivoting Tesla
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The company announced it was ending production of its higher-end Model S and Model Y, and turning that production space over to making humanoid robots.
Tesla expects to more than double capital spending in 2026 as it invests heavily in robotics and driverless technology.
Construction will begin in the first half of 2026 at select Pilot travel centers in California, Georgia, Nevada, New Mexico and Texas
The new Tesla Solar Panel and mounting system pairs with the company’s inverter, Powerwall battery, EV charging and vehicles, creating an all-Tesla residential solar offering for the first time.
Elon Musk admitted something Tesla bulls didn’t want to hear: the Cybercab and Optimus rollout will be “agonizingly slow.” While Tesla stumbles on promises made years ago, Waymo (NASDAQ:GOOGL) is already operating robotaxis in San Francisco,
Tesla CEO Elon Musk announced a $2B investment into xAI and the discontinuation of Model S and Model X in order to support Optimus robot production.
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Tesla profit tanked 46% in 2025
The company's sales fell for a second year in a row despite CEO Elon Musk spending years promising 50% annual growth.