Tesla Plans to Wind Down Cybertruck Production in Mid-2027
Tesla plans to wind down Cybertruck production in mid-2027 as it shifts focus toward Cybercab output. Morgan Stanley analysts called the move a bullish signal for the company’s robotaxi ambitions.
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04:31:04 PM UTC
SquawkNews
By Natalie WegerShares of Tesla rose after Chief Executive Elon Musk said the company will wind down production of its Cybertruck.The stock ticked up 4.4% to $358.80 on Friday. Shares are down 20% year to date.The company plans to decrease production of the Cybertruck at its gigafactory in Texas ne…
Tesla plans to wind down Cybertruck production in mid-2027 as the company pivots its focus toward Cybercab output. "This announcement underscores Tesla's commitment to Robotaxi and is a bullish signal following the recent progress we have already seen in Austin," Morgan Stanley analysts say in a re…