The End of the Road for the Cybertruck?
It looks like the end of the road for the Cybertruck. Elon Musk announced on Friday that Tesla will stop producing the vehicle at its factory in Austin, Texas, from around mid-next year to make room for increased Cybercab production.
Musk's post on X hinted at a potential phase-out, with Cybertruck lead engineer Wes Morrill stating, "Cybertruck was an incredible technology development platform and lives on through Cybercab."
This announcement comes on the heels of a challenging week for Musk, including a significant loss in campaign contributions and a decline in Tesla and SpaceX stock values, leading to a substantial decrease in his net worth.
The Cybertruck, despite its unique design, underperformed, and its critics dubbed it "dumpster chic." While Musk expressed a "reasonable guess" of producing 500,000 Cybertrucks annually, Tesla's sales of other models this year have reached fewer than 37,000.
Tesla has another auto plant in California, where Musk has shifted production of its Model S and Model X to make room for the company's ambitious plans for robotaxis and humanoid robots. However, these projects have yet to materialize into profitable ventures.