Tesla will cease manufacturing the Cybertruck at its Texas facility around the middle of next year after sales lagged far behind early company forecasts. While Elon Musk had originally projected annual deliveries of 250,000 units, the company sold only 38,965 vehicles in 2024 and 20,237 in 2025. Moving away from the truck enables Tesla to focus on scaling the Cybercab, though Musk did not clarify if Cybertruck production might resume elsewhere. The vehicle also suffered politically as Musk faced scrutiny for his work leading Donald Trump's Department of Government Efficiency panel.
Key points
Tesla is reallocating factory capacity toward autonomous vehicles as consumer demand for…: Tesla is reallocating factory capacity toward autonomous vehicles as consumer demand for its flagship pickup sharply declines.
The company has not announced any plans to relocate Cybertruck manufacturing to an altern…: The company has not announced any plans to relocate Cybertruck manufacturing to an alternative assembly facility.
Musk faces potential congressional investigations into his federal work after Democrats w…: Musk faces potential congressional investigations into his federal work after Democrats won control of both congressional chambers.
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Released in 2023, the truck has become a symbol to some of opposition to Musk amid foray into US politics.
Tesla CEO Elon Musk has said the company will wind down production of Cybertrucks at its Texas facility amid poor sales.
Trillionaire Musk made the announcement in a post on X on Friday, saying the wind-down would enable the company to increase its production of the new Cybercab model, launched as part of a foray into the so-called robo-taxi industry.
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“Tesla will be winding down production of the Cybertruck at Gigafactory Texas around the middle of next year to make room for increased Cybercab production,” Musk wrote.
Announced in 2019, the Cybertruck’s stark design, featuring an angular stainless steel exterior, proved immediately polarising.
Investor enthusiasm climbed sharply after the company confirmed an agreement to team up with Fluor. The corporate alliance directly triggered substantial upward movement in trading activity as the market responded to the news.
Building on his previous triumph in classical chess at last year's World Junior Championship, Pranav Venkatesh dominated the field in the United Arab Emirates to secure another global junior crown. The achievement cements his standing on the international circuit following a dual-medal run across speed chess formats. His performance also anchored a strong showing by Indian competitors across both the Open and Girls divisions.
Fox has completed its $22 billion acquisition of Roku, finalizing one of the largest media transactions in recent years. Announced on Friday, the purchase brings the streaming pioneer formally under Fox’s control, creating what Fox identifies as the third-largest television business in the United States by viewership. The deal closed significantly ahead of schedule, having originally been projected for completion in the first half of 2027 when first announced in June.