Musk says Tesla will end Cybertruck production in 2027
Updated on: November 6, 2026 / 3:57 PM EST / CBS News
TL;DR
- Tesla plans to end Cybertruck production by mid-2027 at its Texas factory.
- The decision is to "make room for increased Cybercab production," Tesla's self-driving taxi.
- Analyst Dan Ives cited high price and subpar demand as reasons for the Cybertruck's limited run.
- Tesla's stock increased by 4.7% after the announcement.
- The Cybertruck, unveiled in 2019, faced quality issues and recalls.
- Cybertruck sales in 2025 were 20,237, down from 38,965 in 2024, significantly below Musk's prediction of 250,000 annually.
- The Cybercab began production in April and service in September at the Texas plant.
- Ives predicts SpaceX may acquire Tesla next year.