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Constellation Analysis founder R ‘Ray’ Wang joins ‘Varney & Co.’ to debate the brand new U.S.-controlled TikTok entity and why he believes Elon Musk’s humanoid robots and robo-taxis will gasoline Tesla progress.
Elon Musk confirmed Wednesday that Tesla will cease producing its Mannequin S and Mannequin X premium sedans and SUVs, marking the tip of an period for its longest-running fashions, in response to reviews.
The transfer got here as the corporate pivots towards autonomous know-how and robotics and its earnings report confirmed income final quarter fell 3% to $24.9 billion.
Talking on Tesla’s fourth-quarter 2025 earnings name Wednesday, Musk stated manufacturing of the Mannequin S and Mannequin X will wind down subsequent quarter.
Manufacturing is anticipated to cease in 2026 whereas manufacturing facility house at Tesla’s Fremont, California, manufacturing facility might be repurposed to help new initiatives, together with manufacturing of the corporate’s Optimus humanoid robots.
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A Tesla Mannequin X alongside a Mannequin S at an EV dealership in Sydney, Australia. (Reuters/Jason Reed, File / Reuters Pictures)
“It’s time to mainly carry the Mannequin S and X packages to an finish with an honorable discharge,” Musk stated on the decision.
“In the event you’re excited about shopping for a Mannequin S and X, now can be the time to order it.”
The Mannequin S and Mannequin X have been as soon as Tesla’s flagship autos, serving to set up the corporate as a frontrunner within the EV market.
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Elon Musk confirmed Wednesday that Tesla will cease producing its Mannequin S and Mannequin X automobiles subsequent quarter. (Getty Photographs / Getty Photographs)
Tesla had additionally slashed costs on each fashions amid international competitors within the sector.
The corporate’s extra reasonably priced, higher-volume autos — the Mannequin 3 and Mannequin Y — now dominate its lineup, accounting for almost all of Tesla’s automobile deliveries final yr.
| Ticker | Safety | Final | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 430.46 | -0.44 | -0.10% |
Tesla’s quarterly outcomes additionally confirmed income for 2025 coming in at $94.8 billion, 3% decrease than a yr in the past.
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Tesla Optimus is a general-purpose robotic humanoid. (Sjoerd van der Wal/Getty Photographs / Getty Photographs)
EV gross sales fell 16% final quarter in comparison with a yr in the past, whereas Tesla offered 1.64 million autos in 2025, signaling a 9% decline.
Tesla stated it plans to unveil the third era of its Optimus robotic this quarter, calling it its “first design meant for mass manufacturing.”
Musk stated on the decision that Tesla is changing the Mannequin S and Mannequin X manufacturing line in Fremont with a line able to producing as much as 1 million Optimus items per yr, CNBC reported.
“As a result of it’s a utterly new provide chain,” Musk stated, “there’s actually nothing from the prevailing provide chain that exists in Optimus.”
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In an announcement, Telsa stated, “In 2026, we’ll additional spend money on the infrastructure wanted to help clear vitality and transport and autonomous robots, together with the ramp of six new manufacturing traces throughout automobile, robots, vitality storage and battery manufacturing, whereas additional leveraging our present manufacturing facility, charging and repair heart footprint to help future progress.”
FOX Enterprise has reached out to Tesla for remark.
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