Tesla Shifts Gears: Model S and X Production to End

Tesla is making a big change. They are stopping production of their Model S and X cars. These cars have been around for a while. The Model S came out in 2012, and the Model X followed in 2015. Now, Tesla wants to use the space where these cars are made to build something new: robots. Elon Musk, the CEO of Tesla, said this change is happening soon. He told people on a call that if they want to buy a Model S or X, they should do it now. The company is focusing on other cars like the Model 3 and Model Y. These are more popular and cheaper. The Model 3 starts at about $37, 000, and the Model Y is around $40, 000.Tesla is also working on a robot called Optimus. They plan to show the third version of this robot soon. Musk said they are setting up a new production line in Fremont, California. This line will make Optimus robots instead of cars. The company thinks they can make a million robots a year. Tesla is also expecting to hire more people at the Fremont factory. They want to increase the number of robots they can make. This is a big shift for the company. They are moving away from traditional electric cars and towards robots and self-driving cars. Tesla recently reported their first drop in yearly revenue. This shows that the company is facing some challenges. But they are still looking to the future. They believe that robots and self-driving cars are the next big thing. Only time will tell if this bet pays off.