Tesla wants to make fewer cars and more robots. CEO Elon Musk said Wednesday that the EV giant, which has seen falling vehicle sales, will stop making its Model S and X, and instead use a California factory to build humanoids.
The shift reflects Musk’s “futuristic vision” of tech, CNN wrote: His rocket-maker SpaceX and AI startup xAI are in talks to merge ahead of a massive IPO later this year, Reuters reported, with a goal of launching data centers into orbit.
Tesla’s pivot to robots, accompanied by a $20 billion capital spending pledge this year, is risky.
China is considered the leader in humanoids, but its leading firm only shipped about 5,500 bots last year. Tesla shipped 150.
