Tesla to pull the plug on Cybertruck after years of poor sales
Tesla will wind down Cybertruck production at its Texas gigafactory around mid-2027, CEO Elon Musk said on Friday, after years of persistently weak sales for a futuristic model once touted as a rival to legacy pickup trucks. The move is a major retreat from what has been one of Musk's pet projects. In an X post, Musk said the wind-down would let Tesla make more of the Cybercab, a robotaxi he has…
Tesla plans to cease Cybertruck production at its Texas gigafactory around mid-2027, CEO Elon Musk announced on Friday. The decision follows years of underwhelming sales for the unconventional model, which was once considered a rival to traditional pickup trucks. Musk's announcement on X post revealed that the wind-down would allow Tesla to focus on producing the Cybercab, a robotaxi central to the automaker's autonomous vehicle ambitions.
However, the Cybercab has yet to demonstrate commercial viability. The announcement arrives amidst a challenging week for Musk, who faced significant losses in market capitalization and lost most of the Republican candidates he supported in the U.S. midterm elections.
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- Tesla to pull the plug on Cybertruck after years of poor sales koreatimes.co.kr
- Elon Musk says Tesla plans to wind down production of the Cybertruck at its Texas Gigafactory in mid-2027 "to make room for increased Cybercab production" (Kana Inagaki/Financial Times) ft.com
- Tesla pulls the plug on the Cybertruck techcentral.co.za