“`html
Published: 2026/01/30 00:49:24
Tesla Discontinues Model X, Shifts Investment to Energy and Optimus
Tesla is phasing out its Model X SUV and is significantly reducing production of the Model S sedan, following a considerable decline in profits during the fourth quarter of 2023.The company is redirecting investment towards its energy division and its ambitious robotics project, Optimus. Additionally, Tesla has invested heavily in a new artificial intelligence company, xAI, also led by Elon Musk.
Production Cuts and Financial Performance
The decision to discontinue the Model X comes amid a challenging economic climate and increased competition in the electric vehicle market.