The Cybertruck has failed, Tesla halts production

Tesla will halt Cybertruck production at its Texas Gigafactory mid-next year due to weak demand, reallocating resources for Cybercab production. Elon Musk announced this on social media, highlighting the Cybertruck's technological advancements will continue in the Cybercab. Despite investing around $2 billion in development, Tesla's revenue from the Cybertruck has only reached about $100 million, indicating a potential loss of $1.9 billion. The Cybertruck, launched at the end of 2023, faced quality issues leading to recalls, including a significant recall of over 46,000 units in March 2025. Tesla has not disclosed specific sales figures for the Cybertruck, categorizing it under other models, with only 8,295 units delivered in Q3, down from 12,364 in Q2.