“The vast majority of miles traveled will be autonomous in the future.”

Tesla Shifts From Cars to Chips: Revenue Down 10 Percent

The Model S deserved better than this.

There’s a consensus forming that the company’s auto manufacturing business alone cannot justify its mammoth $1.56 trillion market capitalization.

Tesla plans to end Model S and X production and invest $20 billion in autonomy, robotics, and energy, reshaping how analysts frame its valuation.

Car models get canceled all of the time, even the iconic and successful ones. But for electric-vehicle fans, it's not hard to have mixed feelings about the demise of the Tesla Model S. (And, to a lesser extent, the Model X.)

Tesla is in the process of sunsetting two of its oldest cars, the Model X and Model S. Will the discontinuation lead to higher resale values?

On an earnings call January 28, Tesla CEO Elon Musk told investors the automaker will “basically stop production of Model S and X next quarter.”