Tesla pulls the plug on the Cybertruck

Tesla has decided to wind down production of the Cybertruck at its Gigafactory Texas around the middle of next year, according to CEO Elon Musk's statement on X. The Cybertruck, a unique and expensive pickup vehicle, has not been selling well since its launch in 2023. This decision comes as Tesla shifts its focus towards self-driving technology and the development of the Cybercab, an autonomous taxi car.

Production of the Cybertruck is currently exclusive to Gigafactory Texas, and without relocation, the pickup's end is near. Tesla recently canceled plans to launch the Cybertruck in Australia and New Zealand, and reports of poor sales continue to mount. Furthermore, Tesla's CEO has expressed a total focus on self-driving technology, with the new Tesla Roadster being the last manually driven car the company will ever produce.

This development opens up the market for manually driven electric pickups. Options like Slate's affordable electric pickup, Ford's Fathom, and Rivian's upcoming mid-size pickup, the Rivian R2T, are now available for customers seeking such vehicles.