Tesla will stop making the Cybertruck in 2027

Tesla will cease production of the Cybertruck next year, according to CEO Elon Musk. The company will repurpose the factory space to manufacture more two-seater Cybercab robotaxis. The decision comes after the Cybertruck sold only a few tens of thousands of units over the past three years, far short of the company's initial projections of selling around 250,000 units per year.

Musk had promised the Cybertruck would be a cornerstone of Tesla's future, with a starting price of under $40,000 and a range of up to 500 miles. However, the truck's actual launch price ballooned to around $60,000, while its range fell short of expectations. The Cybertruck's polarizing design and high price point have failed to resonate with buyers, especially following Musk's political activism in 2024.

The company is now focusing its resources on expanding its robotaxi fleet, with Cybercabs already operating in Austin, Texas, and plans to extend their operations to Dallas, Houston, and other cities.