Tesla to Wind Down Cybertruck Production, Musk Says
Tesla plans to wind down Cybertruck production next year to make room for the Cybercab, Elon Musk said in a post on Friday. The decision marks a quiet end for a vehicle he once called the company’s “best product ever,” after sales fell far short of Tesla’s original target.
Musk made the announcement without a major public event, a contrast with the attention that surrounded the truck’s launch. In 2019, he praised the Cybertruck on an earnings call, while cautioning that he could be “totally wrong” and “totally out to lunch.”
Tesla had targeted production and demand of 250,000 Cybertrucks a year. The company has sold 70,000 in total to date, according to the article. SpaceX, Musk’s other company, became one of the largest single purchasers, helping absorb unsold inventory.
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