Tesla, Model S and Robot
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Tesla just wrapped up its earnings call for the 2025 fiscal year, in which it recorded that its year-on-year profits dropped by nearly half. Its GAAP net income came to US$3.8 billion, down from $7.1 billion in 2024,
Tesla will end production of its Model S sedan and Model X SUV and convert assembly lines at its California factory to manufacture Optimus humanoid robots, CEO Elon Musk said.