Tesla will wind down Cybertruck production at its Texas Gigafactory around mid-2027, CEO Elon Musk said on Friday, following years of weak sales for the futuristic electric pickup truck.
\n\nThe model was initially pitched as a rival to traditional pickup trucks but has struggled to gain traction and has been sold in only a handful of markets, partly due to its heavy, angular design.
\n\nMusk said in a post on X that the production wind-down would allow Tesla to increase output of its newly launched Cybercab, which is central to the billionaire's robotaxi ambitions.
\n\nIt remains unclear whether Cybertruck production will be shifted to another facility or phased out entirely. Tesla's Austin plant is currently the only known facility equipped to manufacture the model's specialised components.
\n\nIn response to a user on X, Musk called the Cybertruck the "best vehicle Tesla has ever made" and the wind-down the "end of an era".
\n\nTesla did not immediately respond to a Reuters request for comment sent outside regular business hours.
\n\nThe US EV maker only began delivering the Cybertruck to customers in late 2023. According to Kelley Blue Book, the company only sold 20,237 Cybertrucks in the US last year, down 48%…
Original source: https://www.cnbctv18.com/technology/
