Tesla will stop making the Cybertruck in 2027
Key Points:
- Tesla CEO Elon Musk announced that production of the Cybertruck will cease next year, with factory space repurposed to build two-seater Cybercab robotaxis as part of Tesla's shift toward AI and robotics.
- The Cybertruck, once expected to sell 250,000 units annually, has sold only tens of thousands over three years, falling short of initial promises on price and range.
- Tesla is expanding its robotaxi operations, currently testing Cybercabs in Austin, Texas, and planning to launch in Dallas, alongside existing robotaxi services in several cities.
- This marks the third Tesla product discontinued to support the company’s robotics ambitions, following the end of Model S and Model X production to focus on Optimus humanoid robots.
- The Cybertruck struggled with delays, cost increases, and a polarizing design, and faced additional challenges due to Musk’s political affiliations, which affected its market reception.