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RIP Cybertruck: Elon Musk says Tesla will wind down production of its most polarizing EV

Production shifts to Cybercab

Musk said in an X post that Tesla would stop making the Cybertruck at its Texas gigafactory. The space will be used for the company’s Cybercab robotaxi. The pickup launched in 2023 following years of delays. It had more than 1 million reservations before launch, and Musk initially forecast annual sales of at least 250,000.

Sales and public reaction

Tesla sold 20,000 Cybertrucks last year, according to Cox Automotive data, and has shipped around 16,000 so far in 2026. Its stainless-steel exterior also made the vehicle a target of anti-Musk and anti-Tesla protests.

A difficult week for Musk

The Cybertruck’s discontinuation follows a rough week for Musk. A fall in Tesla and SpaceX shares cut about $80 billion from his fortune on Thursday, according to the Bloomberg Billionaires Index, bringing his wealth to $785 billion. Morrill described the Cybertruck as an “incredible technology development platform” that “lives on through Cybercab.”

Key points

  • Tesla plans to end Cybertruck production at its Texas gigafactory to make room for Cybercab.
  • The truck drew more than 1 million reservations before launch, but Tesla sold 20,000 last year.
  • SpaceX bought $131 million worth of Cybertrucks last year for support vehicles.
  • Tesla is expanding robotaxi service and has begun Optimus production, Musk told investors.
Read the original on Business Insider ↗

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