Tesla ends Model S/X era
Tesla has formally ended production of the Model S and Model X, with only about 600 inventory units left and custom orders closed—contributing to an 8% drop in U.S. sales in March. — the move marks a strategic product shift as Tesla reallocates focus to other models and its AI/robotics initiatives. (electrek.co) (eletric-vehicles.com)
On the Jan. 28, 2026 fourth-quarter earnings call, Elon Musk said Tesla will replace the S/X production area at Fremont with a 1 million‑unit‑per‑year Optimus production line and called the Gen 3 design the company’s “first design meant for mass production.” (cnbc.com) Tesla told local officials that Fremont will continue to manufacture Model 3 and Model Y while the former S/X area is repurposed, and Fremont is expected to remain the company’s highest‑output North American factory during the transition. (cbsnews.com) The company reported roughly 358,000 vehicle deliveries in Q1 2026, a decline of about 14% from the prior quarter, reflecting broader volume pressures ahead of the factory conversion. (cnbc.com) Tesla’s 2025 revenue totaled $94.8 billion, a 3% year‑over‑year decline, and quarterly revenue was $24.9 billion as cited around the production‑shift announcement. (foxbusiness.com) Tesla published a Wall Street consensus for Q1 2026 deliveries of 365,645 vehicles compiled from 23 sell‑side analysts, a figure analysts used to set expectations before the company’s public results. (electrek.co) Company remarks on the earnings call and in local statements confirmed Tesla will continue parts and service support for existing Model S and X owners even as the assembly area is retooled for Optimus production. (cbsnews.com)
