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Tesla plans to build more robots
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Semafor
Tesla wants to make fewer cars and more robots.
CEO Elon Musk said Wednesday that the EV giant, which has seen falling vehicle sales, will stop making its Model S and X, and instead use a California factory to build humanoids.
Tesla’s pivot to robots, accompanied by a $20 billion capital spending pledge this year, is risky.
China is considered the leader in humanoids, but its leading firm only shipped about 5,500 bots last year.
Tesla shipped 150.