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 gas Tesla progress.
Elon Musk confirmed Wednesday that Tesla will cease producing its Mannequin S and Mannequin X premium sedans and SUVs, marking the top of an period for its longest-running fashions, in response to studies.
The transfer got here as the corporate pivots towards autonomous expertise 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 mentioned manufacturing of the Mannequin S and Mannequin X will wind down subsequent quarter.
Manufacturing is anticipated to cease in 2026 whereas manufacturing unit house at Tesla’s Fremont, California, manufacturing unit will likely be repurposed to assist 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 Photographs)
“It’s time to principally deliver the Mannequin S and X applications to an finish with an honorable discharge,” Musk mentioned on the decision.
“When you’re interested by 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 pacesetter 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 Photos / Getty Photos)
Tesla had additionally slashed costs on each fashions amid international competitors within the sector.
The corporate’s extra inexpensive, 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 Photos / Getty Photos)
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 mentioned it plans to unveil the third era of its Optimus robotic this quarter, calling it its “first design meant for mass manufacturing.”
Musk mentioned 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 models per yr, CNBC reported.
“As a result of it’s a fully new provide chain,” Musk mentioned, “there’s actually nothing from the present provide chain that exists in Optimus.”
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In a press release, Telsa mentioned, “In 2026, we’ll additional put money into the infrastructure wanted to assist 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 unit, charging and repair heart footprint to assist future progress.”
FOX Enterprise has reached out to Tesla for remark.
