#tesla

#tesla

Tesla will discontinue the Model S and Model X in the second quarter of 2026, Elon Musk said in an earnings call with investors today. Musk said the reasons for cancelling the vehicle programs was to make room at Tesla's Fremont factory for production of its Optimus humanoid robot. The Model S is Tesla's luxury sedan, first released in 2012, while the Model X was its SUV with gull-wing doors, introduced in 2015.

Tesla's profit fell 46% in 2025 compared to the prior year, as CEO Elon Musk assumed a role in the Trump administration and federal electric vehicle subsidies were killed off by Congress, causing sales to plummet. The electric vehicle company reported Wednesday that it recorded just $3.8 billion in profit across the year, its lowest tally in years. Tesla already revealed that it shipped 1.63 million cars globally across the year.

Tesla was told that if it couldn't resolve the deceptive marketing within those 60 days, the sales suspension would take effect. That would be bad for the automaker, as California is far and away its largest market in the US, albeit one that is shrinking each quarter. Having to suspend sales entirely in the state would be disastrous. Some had speculated that Tesla could change Autopilot's name to something less misleading, but the company chose a more drastic approach.

Elon Musk just took the stage at the World Economic Forum in Davos, Switzerland and announced that Tesla's Optimus humanoid robot will be sold to the public by the end of next year. Musk is the master of unrealistic timetables, but this may be the nuttiest one yet. These are humanoid robots that are supposed to be able to do just about any task a human can do.

In a statement to Reuters, Tesla Germany stated that there has been no significant reduction in permanent staff at its Gigafactory in Grünheide compared with 2024, and that there are no plans to curb production or cut jobs at the facility. "Compared to 2024, there has been no significant reduction in the number of permanent staff. Nor are there any such plans.

More than three-quarters of Germans reject the idea of buying an electric car from the US manufacturer Tesla, according to a recent survey by the German Economic Institute (IW). Some 60% of respondents said buying a Tesla was "completely out of the question," while another 16% said they would "probably not" purchase a car from US tech billionaire Elon Musk's company, which saw sales fall by 13% worldwide in the first quarter of 2025, by 45% in Europe, and by 62% in Germany.

has shown that the stock has the ability to defy gravity, even though the underlying business may not be humming like it used to. Shareholders refuse to budge and are willing to back up the truck as long as Elon Musk has promises to make. It has so far proved all the bears wrong and has climbed well above its 2021 peak. Sales growth has slowed down considerably, and profits are in reverse.

The original deadline for providing data related to these incidents was set at January 19, with potential penalties up to $27,874 per day of being late, for a maximum of $139.4 million. But in part because the winter holidays cut into that time a little bit - and with Tesla being inundated with other investigation's requests into its self-driving tech's safety record - the automaker asked to extend the deadline. Evidently, its pleas fell on sympathetic ears: it now has until February 23 to make good.

Yet the automaker nearly doubled its sales in Japan and the way it pulled that off offers a useful lesson for automakers struggling to sell EVs. Japan is still a very small EV market compared to the U.S., China, or even Europe. Of the roughly 3.8 million vehicles sold in Japan last year, only about 60,677 were battery powered, according to multiple local news reports. Even so, Tesla delivered a record 10,600 vehicles in the country, nearly doubling its 2024 sales.

Tesla Sweden has successfully launched a new Supercharger station despite an ongoing blockade by Swedish unions, using on-site Megapack batteries instead of traditional grid connections. The workaround has allowed the Supercharger to operate without direct access to Sweden's electricity network, which has been effectively frozen by labor action. Tesla has experienced notable challenges connecting its new charging stations to Sweden's power grid due to industrial action led by Seko, a major Swedish trade union, which has blocked all new electrical connections for new Superchargers.

As per industry sources cited by TheElec, Samsung's System LSI division has completed development of a dedicated automotive-grade 5G modem for Tesla. The 5G modem is reportedly in its testing phase. Initial supply is expected to begin in the first half of this year, with the first deployments planned for Tesla's Robotaxi fleet in Texas. A wider rollout to consumer vehicles is expected to follow.

Elon Musk wants the world to view Tesla Inc. ( NASDAQ: TSLA) as a robotics and artificial intelligence company. The truth is, it makes money from cars. It remains the number one electric vehicle (EV) company in the United States, with half the market. While it is slipping in China and Europe, it retains a strong presence in both places.