Tesla to pull the plug on Cybertruck after years of poor sales

MarketScreener · Reuters · 2026-11-06 13:27 UTC

Tesla will wind down Cybertruck production at its Texas gigafactory around mid-2027, CEO Elon Musk said on Friday, after years of persistently weak sales for a futuristic model once touted as a rival...

Nov 6 (Reuters) - Tesla will wind down Cybertruck production at its Texas gigafactory around mid-2027, CEO Elon Musk said on Friday, after years of persistently weak sales for a futuristic model once touted as a rival to legacy pickup trucks.

Musk said in an X post the production wind-down would enable the automaker to accommodate increased output of its newly launched Cybercab model, which the billionaire has made central to Tesla's robotaxi ambitions.

The announcement comes at the end of a bruising week for Musk as his record political spending of nearly half a billion dollars yielded little in Tuesday's US midterm elections, with the vast majority of the Republican candidates he backed losing their races.

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