Tesla to Wind Down Cybertruck Production at Texas Factory, Musk Says
The shift would free capacity for the Cybercab, while Cybertruck sales fell 28% through September, according to Kelley Blue Book.
- On Friday, Tesla CEO Elon Musk announced the company will wind down Cybertruck production at Gigafactory Texas around mid-2027 to make room for increased Cybercab manufacturing capacity.
- Tesla's decision follows years of persistently weak sales for the polarizing truck, which became a political touchstone as Musk allied himself with President Donald Trump amid a widening buyer divide.
- Kelley Blue Book estimated Cybertruck sales declined 48% from 2024 to 2025, with sales falling 28% through September of this year, prompting Tesla to reallocate factory space for its steering wheel-free Cybercab.
- Tesla shares declined 11% on Thursday following midterm election results, contributing to aggregate market cap losses exceeding $420 billion for Tesla and SpaceX as investors cited concerns over congressional probes.
- The strategic pivot positions Tesla toward AI and robotics, though the National Highway Traffic Safety Administration opened a formal investigation into the Cybercab in September amid ongoing regulatory scrutiny.
300 Articles
300 Articles
(Los Angeles = Yonhap News) Correspondent Kim Kyung-yoon = Tesla’s Cybertruck, the electric vehicle model unveiled with an ambitious entry into the pickup truck market, has shown sluggish sales...
Teslas Cybertruck was presented as a car of the future, but was a flop in sales figures. Now CEO Elon Musk is promising the end of production in Texas.
Teslas Cybertruck was presented as a car of the future, but was a flop in sales figures. Now CEO Elon Musk is promising the end of production in Texas.
Tesla plans to wind down Cybertruck production next year
Tesla CEO Elon Musk says production of the Cybertruck will begin winding down at Gigafactory Texas next year as the company shifts resources to its Cybercab program following sluggish sales and ongoing challenges.
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