Tesla will stop making the Cybertruck in 2027
The decision to wind down the EV comes after just a few short years of underwhelming sales. Elon Musk said the company will use the factory space to make more Cybercabs.
TL;DR
- Tesla plans to stop Cybertruck production next year.
- Factory space will be used to build more two-seater Cybercab robotaxis.
- Cybertruck sales have been underwhelming since its late 2023 launch, falling far short of the projected 250,000 units per year.
- This decision is part of Tesla's strategy to focus on AI and robotics, particularly robotaxis and Optimus humanoid robots.
- Previous production of Model S sedan and Model X SUV was also discontinued to make space for Optimus robots.
- The Cybertruck faced production delays, cost overruns, and unmet initial promises regarding price and range.
- Its polarizing design and higher-than-expected price contributed to market struggles.
- Elon Musk's political alignment and leadership of the Department of Government Efficiency reportedly made the Cybertruck a target for protesters.