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.
rt.comTesla 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.
Key Facts
Story Timeline
3 events- Thursday
An investor posted criticism on X about Tesla's decision to wind down Model S and X production.
1 sourceBenzinga - Recent
An influencer shared details about the Model S Signature edition, prompting the investor's response.
1 sourceBenzinga - Recent
Tesla began shifting focus to producing the Optimus Humanoid Robot over Model S and X vehicles.
1 sourceBenzinga
Potential Impact
- 01
Tesla's stock price may fluctuate due to investor criticism of production changes.
- 02
Shift to robots could accelerate Tesla's development in humanoid technology.
- 03
Rival's robot production timeline may increase competition in the robotics market.
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