Tesla will stop making the Cybertruck next year, according to CEO Elon Musk, who said on X that the company will use the factory space to build more two-seater Cybercab robotaxis.
The decision to wind down the futuristic, steel-clad EV comes after just a few short years of underwhelming sales. When Musk handed over the first few Cybertrucks in late 2023, he predicted Tesla would sell around 250,000 per year. It was supposed to be such a cornerstone of Tesla’s future that, before construction began, the company talked about its Texas factory as the “Cybertruck factory.” But Tesla has instead sold just tens of thousands — total — over the last three years.
I see them all over the place. A day doesn’t go buy that I don’t see a few. They had sales.
I suspect the real problem are the sales patterns, which are probably very bad. Because of Musk’s increasingly poor reputation, they’ve probably completely stopped selling new ones, and nobody wants used ones, so why build more dead inventory?
His terrible behavior has destroyed his car company, which is on a steady, inexorable slide toward bankruptcy. Trump will keep Tesla alive through the 2028 election, for access to his money, but once Trump is out of office, Tesla will go off the cliff.
If Musk was halfway smart he’d sell control of Tesla to one of the other majors (yes I know it has a listed value greater than most of them). By handing it over to someone who isn’t overtly a nazi the brand could be revitalised and Muskrat could bank the money, have his remaining tesla shareholding grow again and make billions off SpaceX as well.
Fortunately he’s not that smart