Tesla is saying goodbye to two of its EV models. As sales and deliveries fall, Elon Musk is focusing on this instead

Core Insights - Tesla is discontinuing the Model S and X vehicles, with production set to end in the next quarter, as CEO Elon Musk shifts focus towards manufacturing humanoid Optimus robots [1] - The decision comes amid a decline in sales and deliveries, with Tesla's total revenue decreasing by 3% year-over-year from $25.7 billion to $24.9 billion [1] - Automotive revenues specifically fell by 11% year-over-year, dropping from $19.8 billion to $17.7 billion [1] Production and Delivery Metrics - Production of Model S and X vehicles decreased by 48% year-over-year [1] - Deliveries of these models fell by 51% year-over-year [1] External Factors Impacting Performance - The decline in sales was exacerbated by the termination of $7,500 EV tax credits last fall [1] - Elon Musk's political views and his fluctuating relationship with President Donald Trump may have also influenced consumer sentiment [1]