Tesla Ends Model S, X Production As Elon Musk Calls It 'Ending Of An Era'

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has said that the automaker has officially ended production of the premium Model S and X lines.

The Ending Of An Era

In the early hours of Wednesday, Musk marked the occasion via a post on the social media platform X. “Custom orders of the Tesla Model S & X have come to an end,” he said in the post. He added that Tesla still had units left in the inventory. Tesla will host a ceremony for the outgoing models, Musk confirmed in the post.

“We will have an official ceremony to mark the ending of an era. I love those cars,” he said, sharing a picture of himself during the product launch of the vehicles 14 years ago.

Tesla Model S and Model X Inventory, History

It’s worth noting that the official Tesla website still shows several Model S and Model X units in inventory, which can be ordered by customers wanting to get their hands on the vehicles.

The All-Wheel Drive trims of both models are offered by Tesla with the Luxe package, which lets owners access the company’s Supercharger network for free and offers a free Supervised Full Self-Driving (FSD) subscription.

However, it’s worth noting that many of the models shown on the website are being offered at a reduced price since they are demo vehicles.

The Model S and Model X were early models of the company, following the original Tesla Roadster. Tesla began deliveries of the Model S in 2012, offering the first 1,000 Model S units as a “Signature” limited edition trim level. Deliveries for the Model X, on the other hand, began in 2015 and used Falcon wing doors for the rear passengers.

Tesla’s Shift Towards AI, Autonomous Driving

Musk, during Tesla’s Q4 earnings call earlier this year, announced that Tesla was sunsetting the Model S and X, with the company’s Fremont, California, production facility focusing its efforts on the Optimus Humanoid Robot production instead. Musk also shared that Tesla was targeting to produce a million units of the Optimus.

Tesla is also testing the Cybercab, which will be offered without a steering wheel or pedals. The Cybercab will retail for around $30,000, as confirmed by the CEO. The company’s AI and autonomous driving efforts are further enhanced by the Terafab AI Chip project, which will focus on producing AI5 chips for Tesla cars.

A New Model On The Horizon?

Tesla’s current lineup includes the Model 3, Model Y and the Cybertruck. The EV giant’s sales have been poor for more than a year and the aging lineup could do with some fresh blood. Interestingly, a new model could be on the cards for the automaker as Musk recently teased the possibility of a brand-new model amid leaks showcasing a new frame at Tesla’s Gigafactory in Texas.

Rumors suggest that the upcoming model could be a 3-row vehicle and would be in line with the leaked frame, which showed enhanced space in the rear.

According to Benzinga Edge Rankings, Tesla offers Satisfactory Momentum and Growth, as well as a favorable price trend in the Long term.

Price Action: TSLA slid 4.64% to $371.75 at market close on Tuesday, surging 0.87% further to $375.00 during the overnight trading session.

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