Overview
- Elon Musk said production of the flagship sedans will cease by mid-2026 as the Fremont plant is repurposed for assembly of the Optimus humanoid robot.
- Tesla targets initial Optimus sales as early as 2027 and describes a long-term ambition to build up to one million units a year.
- The company will invest $2 billion in Musk’s xAI and, according to new guidance, plans roughly $20 billion in 2026 spending to expand AI, robotaxi and robotics capacity.
- 2025 results showed revenue down 3% to $94.8 billion and net income at $3.8 billion, with combined Model S, Model X and Cybertruck sales falling about 40% to just over 50,000.
- Tesla is running a robotaxi pilot in Austin and installing Cybercab production lines in Texas as it prepares for autonomous ride services.