Musk loses billions. Is he getting revenge on Texas this way?
Elon Musk's wealth dropped by approximately $113 billion due to falling stock prices of Tesla and SpaceX. He announced the end of Cybertruck production in Texas by mid-2027, citing poor sales. This decision follows disappointing election results for Republican candidates he supported, raising questions about the timing. Musk aims to shift focus to the new Cybercab model, central to Tesla's robotaxi ambitions. Despite initial hype, Cybertruck sales have been underwhelming, with only 20,237 units sold last year, far below expectations. The new Texas governor plans to introduce regulations on data centers, impacting Musk's business interests in the state.
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