Tesla is taking one of the boldest turns in its history, and it’s not just about electric cars anymore. After years of dominating headlines as a pioneer of electric vehicles, the company is phasing out its Model S and Model X as part of a strategic shift toward robotics,

Elon Musk’s “beast” arrives as federal support for EVs withers and rising power costs complicate his claim that it will be cheaper to run than diesel rigs.

Tesla pivots from electric vehicles to autonomous technology as Elon Musk announces the discontinuation of Model S and Model X to focus on mass-producing Optimus robots.

Rivian ( RIVN 4.45%) is kind of like Tesla 's ( TSLA 2.23%) runner-up. If you're looking to invest in the electric vehicle (EV) sector, you could buy either one. However, there are some interesting facts you'll want to consider before you make your final choice.

Bold plans for Robotaxi, Cybercab, and Optimus haven't been enough to move the needle for the growth stock in 2026.

Tesla owners may be having tire wear issues due to the vehicles' quick acceleration and heavy weight, as well as features such as regenerative braking.

Investors can't even figure out what this company actually is anymore, let alone what it's worth.