Tesla Ends Model S, X Production As Elon Musk Calls It 'Ending Of An Era'

4/1/2026
Impact: -50
Consumer Cyclical

Tesla Inc. has officially ended production of its Model S and Model X lines, as announced by CEO Elon Musk, marking what he referred to as the 'ending of an era.' While custom orders have ceased, Tesla still has remaining units in inventory, which are available for purchase. The company's Fremont facility will now focus on producing the Optimus Humanoid Robot, with a target of one million units. Following this announcement, Tesla's stock price fell by 4.64% to $371.75, before recovering slightly to $375.00 in after-hours trading.

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