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.”

The carmaker used its quarterly earnings report to describe itself as a 'physical AI company.' So far, investors don't seem rattled by the pivot.

Tesla's Fremont factory named as the production site for the new Optimus robot while continuing vehicle production.

The law firm Gerben IP, which was the first to report on the trademark applications, notes that once USPTO reviews and approves a trademark, companies like Tesla typically have about three years to begin using the name in commerce before they risk losing it.

The company announced it was ending production of its higher-end Model S and Model Y, and turning that production space over to making humanoid robots.

Electrified vehicles accounted for a bigger market share of the European auto sector than their gasoline counterparts. Gasoline Registrations Drop Gasoline registrations fell in the market towards the end of the year by 18.

By Akash Sriram and Abhirup Roy Jan 28 (Reuters) - Tesla said on Wednesday it will invest $2 billion in CEO Elon Musk's artificial-intelligence company xAI - and that production plans for its Cybercab robotaxi were on track for this year.