Tesla, Model S
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Elon Musk said Tesla Inc. needs to build and operate what he is calling a “TeraFab” to manufacture semiconductors, a massive undertaking that will cost billions of dollars and mark another expansion beyond what had been the company’s core electric vehicle business.
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Tesla ends Model S and Model X era, turns California factory into robot megaplant
Tesla has announced a major change that marks the end of an era for the company. The electric vehicle maker will stop producing its long-running Model S and Model X vehicles. At the same time, it will convert production lines at its Fremont,
Tesla just wrapped up its earnings call for the 2025 fiscal year, in which it recorded that its year-on-year profits dropped by nearly half. Its GAAP net income came to US$3.8 billion, down from $7.1 billion in 2024,
Tesla Inc. plans to invest about $2 billion into xAI, giving Elon Musk’s artificial-intelligence startup a cash infusion despite a shareholder vote last year that failed to win approval.