On Tesla's fourth-quarter earnings call, CEO Elon Musk said the company is ending production of its Model S and X vehicles.

Tesla CEO Elon Musk said Wednesday that the company would begin phasing out its Model S and Model X electric vehicles this year and retool a California factory to produce humanoid robots instead

The Tesla chief said the company plans to sell Optimus robots by the end of 2027 at the World Economic Forum in Davos, Switzerland.

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 said Tesla's Optimus humanoid robots could be available for public purchase by the end of 2027, saying the robots should be reliable, safe and capable of a range of functions.

CEO Elon Musk recently provided encouraging updates on Tesla's autonomous driving and humanoid robotics technology.

The Fremont factory will still manufacture Model 3 and Y, but the space where Model S and X are made will instead focus on mass production of Tesla's Gen 3 Optimus robots.

Elon Musk’s Mars plan may depend on more than rockets — it may depend on robots. The Tesla Bot could become the ultimate worker for building early infrastructure on Mars, from hauling cargo to setting up habitats before humans even land.

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CEO Elon Musk declared this week that the company’s Optimus 3 humanoid robot will “move the needle” on US GDP, backing the claim with a $20 billion capital spending commitment focused on robotics and autonomous vehicles.

The billionaire CEO of Tesla and SpaceX, in his first appearance at Davos, said Tesla could start selling its Optimus robots next year.

Tesla CEO Elon Musk hopes to bring back production of its humanoid robot, Optimus,