Elon Musk said Tesla Inc. needs to build and operate what he is calling a “TeraFab” to manufacture semiconductors, a massive undertaking that will cost billions of dollars and mark another expansion beyond what had been the company’s core electric vehicle business.

The company will stop making the pioneering EVs in the second quarter of 2026, CEO Elon Musk announced Wednesday.

Elon Musk admitted something Tesla bulls didn’t want to hear: the Cybercab and Optimus rollout will be “agonizingly slow.” While Tesla stumbles on promises made years ago, Waymo (NASDAQ:GOOGL) is already operating robotaxis in San Francisco,

Tesla Inc. is streamlining its vehicle portfolio while mapping out $20 billion of investment this year as it pivots to robotics and autonomous driving.

Construction will begin in the first half of 2026 at select Pilot travel centers in California, Georgia, Nevada, New Mexico and Texas

Pilot Travel Centers, the largest operator of truck stops in North America, has reached an agreement with Tesla to install proprietary charging stations for

US regulators granted Tesla Inc. a five-week extension to start addressing a defect investigation into its cars violating traffic laws while its Full Self-Driving system is engaged.

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 cars in its lineup.