After several refreshes and powertrain upgrades, Tesla’s flagship Model 3 sedan and Model X crossover are both being retired in the second quarter of 2026. Credited with breaking through to consumers and helping electric vehicles go mainstream,

Tesla reported a 61-percent drop in fourth-quarter profits yesterday due to lower auto sales and increased expenses as CEO Elon Musk ramps up technology investments.

Revenue fell for the third time in three quarters, and sales for the full year declined for the first time on record.