United Kingdom, Jan. 29 -- Tesla is winding down two of its longest-running electric vehicles as Elon Musk pivots to robotics.

The company confirmed this week that it will end production of the Model S and Model X, redirecting the California factory that built them toward manufacturing its humanoid robot, Optimus.

The decision comes alongside sobering financial results for 2025, with Tesla reporting its first annual revenue decline and a sharp fall in late-year profits.

Tesla said total revenue fell three per cent last year, while profits dropped 61 per cent in the final quarter.

The slowdown reflects intensifying competition in the EV market, softer demand, and Tesla's growing focus on capital-intensive bets beyond cars.

Earlier thi...