Tesla is in the process of sunsetting two of its oldest cars, the Model X and Model S. Will the discontinuation lead to higher resale values?

The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.

Tesla Inc. will spend over $20 billion on a dramatic reshuffling of factory lines reflecting Elon Musk’s repositioning of the carmaker coming off a multiyear sales slump.

Tesla has revealed it will stop production of its Model S and Model Y cars in an effort to shift production focus to its Optimus robots.

The automaker also said it would invest $2 billion in xAI, the artificial intelligence company controlled by its C.E.O., Elon Musk, and stop making the two oldest models in its lineup.

The company announced it was ending production of its higher-end Model S and Model Y, and turning that production space over to making humanoid robots.

EVs had a record-breaking American sales quarter in Q3. China's BYD may offer the fastest electric vehicle charging ever, but Americans don't need it thanks to home charging solutions. Chinese automaker BYD "stands poised to officially surpass Tesla as the ...

Tesla’s annual profit plunged to its lowest level since the pandemic five years ago as it lost the title of the world’s biggest electric vehicle maker to a Chinese rival and boycotts hammered sales. The EV company run by Elon Musk reported Wednesday that net income last year dropped 46% to $3.