India, Nov. 8 -- Tesla will wind down Cybertruck production at its Texas gigafactory around mid-2027, CEO Elon Musk said on Friday, after years of persistently weak sales for a futuristic model once touted as a rival to legacy pickup trucks. The move is a major retreat from what has been one of Musk's pet projects.
In an X post, Musk said the wind-down would let Tesla make more of the Cybercab, a robotaxi he has made central to the automaker's autonomousvehicle ambitions, but one that has yet to prove itself commercially.
The announcement comes at the end of a bruising week for Musk, as his record political spending of nearly half a billion dollars yielded little in Tuesday's US midterm elections, with the vast majority of the Republican ...