Tesla to pull the plug on Cybertruck after years of poor sales

Tesla will wind down Cybertruck production at its Texas gigafactory around mid-2027, CEO Elon Musk said on Friday, after years of persistently weak sales for a futuristic model once touted as a rival to legacy pickup trucks. The move is a major retreat from what has been one of Musk's pet projects. In an X post, Musk said the wind-down would let Tesla make more of the Cybercab, a robotaxi he has made central to the automaker's autonomous-vehicle ambitions, but one that has yet to prove itself commercially. The announcement comes at the end of a bruising week for Musk, as his record political spending of nearly half a billion dollars yielded little in Tuesday's U.S. midterm elections, with the vast majority of the Republican candidates he backed losing their races. Combined, his companies were on track to lose more than $180 billion in market capitalization for the week. While it was not immediately clear whether Cybertruck production would be moved to another facility or phased out entirely, the automaker's Austin plant is the only known Tesla facility equipped to manufacture the special