Tesla Set to Phase Out Cybertruck as Musk Calls It 'End of an Era'

At a glance

Tesla's electric pickup truck, the Cybertruck, is expected to be discontinued after weak sales. CEO Elon Musk said production at the Texas factory will be reduced starting in mid-next year.

Key points

1. 1

   Musk explained that the decision was made to free up production space for the Cybercab (a vehicle dedicated to robotaxi service).

2. 2

   Analysts say only the Texas factory can make the Cybertruck's special parts, so the move effectively means discontinuation.

3. 3

   When it launched in 2023, the company expected annual sales of 500,000 units, but sales last year reached only 20,237.

4. 4

   Weak sales are attributed to the angular design that divides opinion, repeated recalls (free repairs of defective vehicles), and the high price.

Why it matters

It shows Tesla shifting its focus from electric vehicle sales toward robotaxis and humanoid robots.