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TESLA IS PULLING THE PLUG ON THE CYBERTRUCK TO BUILD MORE CYBERCABS
$TSLA will begin phasing out Cybertruck production at Gigafactory Texas around the middle of 2027, freeing up space to expand Cybercab output, CEO Elon Musk said in a post on X. Musk said the truck sold 70,000 units over three years against tooling built for 125,000 a year, and that $2 billion in R&D against $100 million in gross profit left a net project loss of $1.9 billion. First unveiled in 2019 with a promised starting price under $40,000, the Cybertruck reached customers in late 2023 and now starts at around $60,000. Its exit leaves the Model Y and Model 3 as the company’s remaining lineup. Meanwhile, Cybercabs have been operating on the streets of Austin for the past two months, with an expansion to Dallas planned later this month. It is the third vehicle the automaker has axed as it shifts toward AI and robotics, following the Model S and Model X, whose factory space now goes to Optimus humanoid robot production.
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