"Tesla CEO Elon Musk said on Wednesday that the company will be discontinuing the Model S and X in the next quarter, bringing an end to the EV maker's more premium SUV and sedan models. "It's time to basically bring the Model S and X programs to an end with an honorable discharge, because we're really moving into a future that is based on autonomy," the CEO said during Tesla's fourth-quarter earnings call."
"Tesla CEO Elon Musk said the company will be discontinuing the Model S and X in the next quarter. The CEO said the goal is to focus on the company's "autonomous future." The Model S and X were sold in lower volumes compared to the more popular Model 3 and Y. Tesla CEO Elon Musk said on Wednesday that the company will be discontinuing the Model S and X in the next quarter, bringing an end to the EV maker's more premium SUV and sedan models."
Tesla will discontinue the Model S and Model X in the next quarter. The move ends the EV maker's higher-end sedan and SUV programs. The decision aims to shift company resources toward autonomous vehicle development. The Model S and X recorded lower sales volumes than the more popular Model 3 and Model Y. The announcement occurred during Tesla's fourth-quarter earnings call. The company framed the discontinuation as an "honorable discharge" while emphasizing a strategic pivot to autonomy.
Read at Business Insider
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