India, Nov. 6 -- Tesla CEO Elon Musk has announced that the company will wind down production of its Cybertruck electric pickup at its Texas factory around the middle of 2027. The move will allow the automaker to increase production of its Cybercab self-driving taxi as it shifts more attention towards autonomous vehicles.

Musk made the announcement in a post on X on Friday, November 6, saying Tesla would wind down Cybertruck production at Gigafactory Texas to "make room for increased Cybercab production."

It is not yet clear whether Tesla will move Cybertruck production to another facility or stop making the vehicle altogether. Reuters reported that the Texas factory is the only known Tesla facility equipped to manufacture the pickup's ...