Urgent.News

What's breaking now, across thousands of outlets.

World

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 to pull the plug on Cybertruck after years of poor sales

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.

Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at koreatimes.co.kr →

More in World

More from Friday 6 November →