Fremont production will pivot from cars to Optimus humanoid robots, while Musk says he’s “hoping to debut” the Roadster in April.

Tesla just wrapped up its earnings call for the 2025 fiscal year, in which it recorded that its year-on-year profits dropped by nearly half. Its GAAP net income came to US$3.8 billion, down from $7.1 billion in 2024,

After almost 14 years in production, the Tesla Model S will be discontinued next quarter. This was Tesla’s first EV designed from the ground up, and it showed that fully electric cars could be fast and comfortable.

Quick Read Tesla (TSLA) reported its first annual revenue decline with sales down 3% to $94.8B as EV deliveries fell 8.6%. Tesla is ending Model S and Model X production to repurpose Fremont factory lines for Optimus humanoid robots.