NasdaqGS:TSLAAuto
Tesla Robot Pivot Puts Valuation And Autonomy Thesis In Sharper Focus
Tesla, NasdaqGS:TSLA, plans to end production of the Model S and Model X and convert related factory lines to build its Optimus humanoid robots.
The company is reallocating California manufacturing capacity toward large scale robotics and autonomy focused production.
The transition is set to roll out over several years, marking a shift in how Tesla uses its existing facilities and engineering resources.
Tesla shares last closed at $411.11, with the stock up 13.7% over the past year and...