Musk says Tesla will end Cybertruck production in 2027
Elon Musk announced that Tesla will cease production of the Cybertruck by mid-2027 to prioritize the manufacturing of its self-driving Cybercab. The decision follows reports of subpar demand and ongoing quality issues with the pickup truck.
Why it matters
This shift highlights Tesla's strategic pivot toward autonomous vehicle technology and away from niche consumer hardware.
Tesla's Cybertruck has reached the end of the road. Elon Musk announced on X Friday that the electric car maker would wind down production of its stainless-steel pickup truck at its Texas factory by mid-2027. Musk, the CEO of Tesla and SpaceX, said the move is to "make room for increased Cybercab production," referring to Tesla's self-driving taxi.Wall Street analyst Dan Ives, senior managing director of Yorkville Ives & Co, told CBS News in an email that "the writing was on the wall" for the Cybertruck given the vehicle's high price and subpar demand. Tesla's stock rose 4.7% on Friday following Musk's announcement.Tesla first unveiled the Cybertruck in 2019, capturing attention for its boxy design and futuristic look. Tesla touted the car as a rolling fortress that could tow 14,000 pounds and withstand hits from sledgehammers and even firearms.
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Tesla Plans to Stop Cybertruck Production to Focus on Autonomous Robotaxis
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