OriginalSourceQuartzUnited StatesLeanUnratedCredibilityUnratedPublished13:20 UTCSourceQuartzUnited StatesLeanUnratedCredibilityUnratedPublished13:20 UTC
“Tesla is winding down Cybertruck production to make room for more Cybercabs”
“CEO Elon Musk said the truck sold 70,000 units over three years and is set to wind down with a net project loss of $1.9 billion”
Tesla winds down Cybertruck production to increase Cybercab output
Key points
- Musk says Cybertruck production will wind down at Giga Texas around mid-2027.
- The company installed tooling for 125,000 Cybertrucks per year but sold 70,000 in three years.
- R&D spending on Cybertruck reached $2 billion; gross profit $100 million; net loss $1.9 billion.
- Cybercab operations have begun in Austin and will expand to Dallas later this month.
- Tesla plans to prioritize AI and robotics as it shifts away from the Cybertruck.
How it got here
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concise reads it.