Tesla ends production of Model S and Model X vehicles
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Elon Musk said Tesla Inc. needs to build and operate what he is calling a “TeraFab” to manufacture semiconductors, a massive undertaking that will cost billions of dollars and mark another expansion beyond what had been the company’s core electric vehicle business.
Musk says Tesla needs to build its own chip factory to avoid constraints and secure future AI growth
Tesla considers building "Terafab" chip factory to meet AI demands, targeting AI5 and future chips, citing supply and geopolitical risks.
Tesla will stop producing the Model S and Model X next quarter as Elon Musk shifts focus to autonomy and robots.
The Austin push is planned for February, insiders told Business Insider. Tesla has been training Optimus in its Fremont factory for more than a year.
Prior to being appointed Director of Vehicle Operations and Engineering at Fremont in 2023, Bate was Director of Manufacturing for both Tesla’s Model 3 and Model Y vehicles. ・Electrek noted that the departure is the latest of a streak of exits at the EV giant.
Tesla is expanding near its Fremont factory, signing one of Silicon Valley’s largest recent research-and-development leases.
Telsa’s revenue and profits tumbled in the fourth quarter, capping off the most difficult year for the electric automaker since it became profitable six years ago.
Tesla plans to more than double capital spending to a record high of more than $20 billion this year - but little of it will go to its traditional business of selling electric vehicles to human drivers.