The end of the Cybertruck era is nigh
Elon Musk rounds out pretty crappy week by revealing that the Cybertruck is winding down production.
The Cybertruck, Elon Musk's controversial electric vehicle, may be nearing the end of its production run, according to The New York Times. Tesla announced this decision on Friday, citing a focus on developing its driverless Cybercab model. While there may be other reasons behind the move, the timing of the announcement appears to be influenced by recent political events.
The vehicle, known for its boxy design and full-body vinyl wrap featuring characters like Goku from Dragonball Z, faced criticism and mass recalls. The decision comes just weeks after the 2022 midterm elections, where Musk's $474 million investment in various races resulted in significant defeats. Tesla's stock rose 5 percent following the announcement, indicating investor optimism about the company's shift away from the Cybertruck.
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