Tesla Kills Model S and X as Panama Voids China’s $1.2B Canal Deal

Tesla is officially pivoting away from its identity as a traditional automaker, discontinuing the flagship Model S and Model X to focus on autonomous 'transportation as a service' and robotics. CEO Elon Musk signaled this shift during a recent earnings call, predicting that manual driving will soon account for less than five percent of all miles traveled. Simultaneously, the Panama Supreme Court has struck down a major port concession held by a Hong Kong-based firm, a move heavily supported by the United States to curb Chinese influence over the Panama Canal. This ruling follows a government audit that alleged $1.2 billion in lost revenue due to irregularities. These developments, along with new reports of financial links between Jeffrey Epstein and Peter Mandelson's husband, mark a significant day in global trade and corporate shifts. While Panama prepares to transition port operations to a Danish subsidiary, Tesla prepares for a future where humans no longer hold the steering wheel.

[00:00] Lila Grant: From Neural Newscast, I'm Lila Grant.
[00:03] Lila Grant: From Neural Newscast, I'm Lila Grant.
[00:06] Marcus Shaw: And I'm Marcus Shaw.
[00:09] Marcus Shaw: And I'm Marcus Shaw.
[00:10] Lila Grant: Panama's Supreme Court has upended global trade by ruling a major port deal with a Hong Kong firm unconstitutional.
[00:21] Lila Grant: This decision targets a subsidiary of C.K. Hutchison Holdings.
[00:26] Lila Grant: The company has operated key ports at both ends of the Panama Canal for years.
[00:31] Lila Grant: President Jose Raul Molino is moving quickly to assure the world that shipping will not stop.
[00:39] Lila Grant: However, the political implications are massive.
[00:42] Marcus Shaw: This looks like a strategic win for the U.S. government.
[00:46] Marcus Shaw: Secretary of State Marco Rubio recently visited Panama.
[00:52] Marcus Shaw: He has been vocal about blocking Chinese influence over the canal.
[00:57] Marcus Shaw: An audit found that irregularities in this concession cost Panama about $1.2 billion over the last 25 years.
[01:07] Marcus Shaw: It is a significant shift for how the canal's logistics will be managed moving forward.
[01:12] Lila Grant: The transition plan is already in motion.
[01:16] Lila Grant: A Danish logistics company is stepping in temporarily.
[01:21] Lila Grant: Beijing is pushing back.
[01:23] Lila Grant: Officials called the ruling unreasonable and warned that it harms the business environment.
[01:29] Lila Grant: We are watching a live reshuffle of global power at the water's edge.
[01:35] Marcus Shaw: In other news, Tesla is officially ending production of the Model S and Model X.
[01:42] Marcus Shaw: The company will now focus entirely on autonomous robots and self-driving software.
[01:48] Marcus Shaw: During an earnings call last night, Elon Musk said Tesla is moving away from being a traditional
[01:55] Marcus Shaw: car company.
[01:56] Marcus Shaw: He stated that the future of transportation is a service rather than a product you own and drive.
[02:03] Lila Grant: Intrigued and thoughtful and witty awareness.
[02:07] Lila Grant: Keep reactions lively but grounded.
[02:10] Lila Grant: Intrigued and thoughtful?
[02:11] Lila Grant: That is a massive shift for a brand that built its name on luxury EVs.
[02:18] Lila Grant: Killing the Model S marks the end of an era for digital car culture.
[02:24] Lila Grant: Musk is betting that humans will only drive about 1% of total miles in the future.
[02:30] Lila Grant: He wants Tesla to be seen as a leader in AI and robotics instead.
[02:35] Marcus Shaw: Critical enthusiasm, but the numbers are currently shaky.
[02:40] Marcus Shaw: Automotive revenue is down 10% year over year.
[02:45] Marcus Shaw: The humanoid robot they are pivoting to still struggles with basic tasks.
[02:50] Marcus Shaw: For tech fans, it is like watching a studio abandon a hit franchise to build a completely
[02:57] Marcus Shaw: new engine.
[02:58] Marcus Shaw: Musk believes the autonomous future is the only game worth playing.
[03:03] Lila Grant: Oh, heckens that.
[03:05] Lila Grant: The political world is also reacting to new reports from the Financial Times.
[03:11] Lila Grant: Emails have surfaced showing that Jeffrey Epstein sent thousands of people.
[03:15] Lila Grant: thousands of pounds to the husband of British politician Peter Mandelson.
[03:21] Lila Grant: It is a reminder that these legacy stories still have the power to create fresh headlines in
[03:27] Lila Grant: 2026.
[03:28] Marcus Shaw: We will be tracking how these shifts in trade and technology develop throughout the week.
[03:34] Lila Grant: I'm Lila Grant, professional and clear and witty awareness.
[03:40] Lila Grant: Keep reactions lively but grounded.
[03:43] Lila Grant: Professional and clear?
[03:44] Lila Grant: I'm Lila Grant.
[03:46] Marcus Shaw: And I'm Marcus Shaw.
[03:48] Marcus Shaw: Neural Newscast is AI-assisted, human-reviewed.
[03:52] Marcus Shaw: View our AI transparency policy at neuralnewscast.com.

Tesla Kills Model S and X as Panama Voids China’s $1.2B Canal Deal
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