Tesla Q4 Earnings Call Highlights

In a notable product announcement, Musk said Tesla expects to wind down Model S and Model X production next quarter and “basically stop production” of the vehicles. He said Tesla will continue to support owners, but will convert the Model S/X production space at the Fremont factory into an Optimus robot factory. Musk said the long-term goal is to produce 1 million Optimus units per year in that space.Musk said Tesla has updated its mission to “amazing abundance,” framing the change as an optimistic view of ...