Tesla CEO Elon Musk said Wednesday that the company will discontinue production of the Model S and Model X, reducing the lineup to essentially three vehicles. So, what's next?

The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.

Tesla is giving the Model S and Model X the ax. Recent sales figures help explain why.

On an earnings call January 28, Tesla CEO Elon Musk told investors the automaker will “basically stop production of Model S and X next quarter.”

Tesla’s lineup is about to get smaller. On Wednesday evening, CNBC reported that during the automaker’s fourth-quarter earnings call, CEO Elon Musk said, “It’s time to basically bring the Model S and X programs to an end with an honorable discharge,