Musk axes Tesla's Cybertruck in favour of self-driving taxis
Elon Musk says Tesla will wind down Cybertruck production in mid-2027 after years of persistently weak sales for a futuristic model once touted as a rival to legacy pickup trucks.
Tesla CEO Elon Musk announced the company's decision to halt Cybertruck production by mid-2027, in favor of developing self-driving taxis known as Cybercabs. Sales of the Cybertruck have fallen short of Musk's initial prediction of 250,000 yearly sales. The move comes as Tesla shifts its focus towards robotics and autonomous technology, a strategic transition that analysts say is at the expense of its electric-vehicle business.
Cybertruck, once touted as a rival to traditional pickup trucks, has not met its sales targets and has struggled commercially. Despite Tesla's record-breaking market capitalization loss, Musk believes the Cybertruck's production should be wound down. The automaker's Austin facility, which is equipped to manufacture the Cybertruck's specialized components, may be utilized for the production of Cybercabs.
While Elon Musk has previously praised the Cybertruck as the best vehicle Tesla has ever made, the decision to discontinue its production has been met with mixed reactions from industry experts.
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