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- Tesla CEO Elon Musk said the company will be discontinuing the Model S and X in the next quarter.
- The CEO said the goal is to focus on the company’s “autonomous future.”
- The Model S and X were sold in lower volumes compared to the more popular Model 3 and Y.
Tesla CEO Elon Musk said on Wednesday that the company will be discontinuing the Model S and X in the next quarter, bringing an end to the EV maker’s more premium SUV and sedan models.
“It’s time to basically bring the Model S and X programs to an end with an honorable discharge, because we’re really moving into a future that is based on autonomy,” the CEO said during Tesla’s fourth-quarter earnings call.
This is a developing story. Check back for updates.
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