The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.

Tesla is in the process of sunsetting two of its oldest cars, the Model X and Model S. Will the discontinuation lead to higher resale values?

Basically, driving a car like the Model S isn’t the future, but a car driving you is. In a first for the company, Tesla revealed it has 1.1 million paying subscribers for its full self-driving (FSD) business.

The automaker also said it would invest $2 billion in xAI, the artificial intelligence company controlled by its C.E.O., Elon Musk, and stop making the two oldest models in its lineup.

Replacing or upgrading the battery in an older EV can easily end up costing more than the car is worth

Still, the discontinuation of Model S and X is a huge deal for the company and will likely cause a lot of grumpiness among fans. The Tesla Model S was the company's first family s

Tesla announced their plan to end Model S and Model X production, shifting focus to Optimus robot factory. More Videos

Tesla has drawn a stark new line between its past and its future. After years of defining the modern electric vehicle market, the company is now telling investors that humanoid robots and autonomous taxis will matter more to its destiny than sedans and SUVs.