Tesla CEO Elon Musk kicked off the new year by springing several eye-popping surprises on shareholders, including a $2 billion Tesla investment in one of his own companies (the artificial intelligence firm xAI), and the abrupt elimination of two of the company’s car models, the Model S and the Model X. Still, Tesla beat Wall Street targets, posting $24.9 billion in revenue versus $24.8 billion estimates. “It’s time to basically bring the Model S and X programs to an end with an honorable discharge, because we’re really moving into a future that is based on autonomy,” Musk said. By repurposing the space in its Fremont factory, Tesla said Wednesday, it will be able to build 1 million Optimus robots each year. The post Tesla reveals $2 billion investment in Elon Musk’s xAI and officially kills the Model S and Model X appeared first on Fortune.