Elon Musk personally announced the final chapter – Tesla Model S and Model X global custom orders have been closed, with production at the Fremont factory fully winding down, marking the end of a 14-year flagship mission. At the same time, Musk's net worth soared to $839 billion, making him the richest person in history. Behind the curtain call of this legendary era lies Tesla’s strategic gamble, placing an all-in bet on the mass market and autonomous driving.
$Tesla (TSLA.US)$The two flagship models that established the company's position have reached their historical endpoint. Elon Musk officially announced the closure of custom orders for the Model S and Model X, marking a significant strategic shift in the electric vehicle giant’s product lineup.
On April 1, Musk posted on the X platform: "Custom orders for the Tesla Model S and Model X have ended, with only some inventory vehicles remaining." He also mentioned that a formal ceremony would be held to commemorate this moment, accompanied by old photos from 14 years ago when mass production of the two models began, adding: "I love these two cars."
According to Tesla Oracle reports,$Tesla (TSLA.US)$customers have been notified via email that production at the Fremont factory has effectively concluded, and existing inventory will fulfill residual demand.
This decision reflects a profound shift in Tesla’s product strategy. The Model S and Model X were Tesla’s earliest high-end models, playing a key role in promoting the adoption of electric mobility and providing financial support for the company’s autonomous driving technology research. The decision to discontinue production indicates that Tesla is refocusing its resources on more mass-market segments and emerging technological fields.
Fremont production halt, tightening inventory continues.
According to Tesla Oracle reports,$Tesla (TSLA.US)$In an email sent to customers, the Model S and Model X were described as 'the beginning of the global transition to electric transportation,' and it was noted that these two models laid the foundation for the company’s advancements in autonomous driving technology. The email confirmed that production at the Fremont factory has effectively ended, with remaining inventory designated to meet final market demand.
At the regional market level, Tesla had already set the final order deadline for the South Korean market as March 31, aligning closely with this global shutdown of custom orders. Tesla’s online configurator shows that certain specification options (including Lunar Silver Metallic paint) are now sold out, further confirming the tightening inventory.
To clear out remaining inventory,$Tesla (TSLA.US)$Tesla is offering bundled incentives on certain inventory vehicles, including Premium Connectivity, Full Self-Driving capability, and some vehicles also come with lifetime unlimited supercharging benefits.
Slightly used stock vehicles are being offered discounts ranging from $1,000 to $4,000 based on mileage and configuration. The narrowing range of available configurations means that potential buyers have a very limited window of opportunity left.
The wealthiest individual on record.
According to Forbes data cited by the French News Agency, Elon Musk's net worth has reached $839 billion, making him the wealthiest individual on record. The market's expectations for the prospects of artificial intelligence and autonomous driving technologies, coupled with the rising valuations of Tesla and SpaceX, have been the core drivers behind his wealth growth.
Tesla's stock price experienced a period of volatility in 2025 when some consumers boycotted the company due to Elon Musk’s political stance. However, after Musk stepped down from his position related to the Trump administration, the stock price rebounded significantly. Meanwhile, Tesla shareholders approved a compensation plan that could substantially increase Musk’s stake if the company achieves ambitious production and valuation targets—a move interpreted by the market as an endorsement of the company's long-term strategic direction.
Editor/Melody