Tesla, Fremont and Model S
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Tesla Inc. is facing a difficult road ahead after deliveries of its fully electric vehicles declined for a second year in a row and were overtaken by Chinese rival BYD Co. on an annual basis for the first time.
Tesla will discontinue the Model S and X this spring, converting Fremont production to its Optimus robot program.
Elon Musk said at the World Economic Forum in Davos that Tesla plans to offer its Optimus humanoid robots for public sale by the end of 2027, setting a target for the program. Speaking with BlackRock CEO Larry Fink on Thursday,
Plus, a new bill would claw back funding for EV chargers and Scout's direct-to-consumer sales plans spark another lawsuit.
Tesla dominated the electric vehicle industry by the mid-2010s with sleek, fast cars that helped combat the public perception that EVs were severely limited by short ranges.