Overview
- Tesla will wind down Model S and Model X production this year to free factory capacity for the Optimus humanoid robot and the steering‑wheel‑free Cybercab, according to Musk.
- Musk says Cybercab production is slated to begin this year and he has set a goal of one million fully autonomous cars on U.S. roads by year‑end.
- The company plans about $20 billion in 2026 spending on robotics and robotaxi programs, with an additional $2 billion from Musk’s xAI, according to reporting.
- 2025 performance deteriorated: deliveries fell 8.5% to 1.636 million, revenue slipped about 3% to roughly $94.8 billion, and net income dropped around 46% to $3.8 billion, with about 87% of revenue still coming from conventional car sales.
- Industry experts question the timelines due to major technical and regulatory hurdles, noting Waymo operates about 2,500 driverless vehicles in several U.S. cities while Tesla’s robotaxi efforts generate no meaningful revenue so far.