Tesla, Model S
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East Bay officials are reacting to the news Tesla will stop producing its Model S and X vehicles at its Fremont factory, and switch to building Optimus humanoid robots, by year’s end.
CEO Elon Musk recently provided encouraging updates on Tesla's autonomous driving and humanoid robotics technology.
The Tesla CEO has told shareholders that humanoid robots could add $20 trillion to the company’s valuation.
Musk shared that Tesla will be converting its Fremont vehicle plant to Optimus robotics production lines during the company's Q4 2025 conference call.
Tesla’s revenue fell about 3% to roughly $94.83 billion in 2025, marking the company’s first annual decline in revenue.