finance
Investor Criticizes Tesla's Shift to Robot Production from Model S and X
An investor expressed criticism of Tesla Inc.'s decision to wind down production of its Model S and Model X vehicles in favor of focusing on robots. The investor described the Model S as a high-quality electric vehicle and questioned the efficiency of repurposing production lines. This comes amid reports of a rival company planning production of a similar robot.
Apr 24, 1:51 AM·1m read1 source
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Tesla Inc. is winding down production of its premium Model S and Model X vehicles as the company shifts focus toward robot development, according to Benzinga. An investor criticized this move in a post on the social media platform X, quoting details shared by an influencer about a special edition of the Model S.
The investor stated that the company is spending money to dismantle the production line for these vehicles. The investor described the Model S as one of the best electric vehicles made and argued that the decision is counterproductive compared to building robots at a different location.
The investor further remarked that the choice to sunset the Model S in favor of producing a humanoid robot is incorrect.
Separately, a rival to Tesla announced targets for delivering flying cars by 2027 and starting volume production of a robot similar to Tesla's by the end of the year, Benzinga reported.
