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Tesla to wind down Cybertruck production in Austin to make room for Cybercab

TechnologyInternationalCNNAI summary
Image: CNN

Elon Musk announced that Tesla will wind down production of the Cybertruck at its Austin, Texas plant, the only one that makes the vehicle, starting "around the middle of next year" to make room for increased Cybercab production. Cybertruck lead engineer Wes Morrill suggested on X that the vehicle had reached its end. The announcement caps a bruising week for Musk, after Republican candidates' defeat in the midterm elections and a more than 12% two-day drop in Tesla and SpaceX shares.

In 40 seconds

  • Musk said Cybertruck production in Austin will wind down from the middle of next year to expand Cybercab manufacturing.
  • Wes Morrill, the model's lead engineer, suggested on X that the Cybertruck had reached its end.
  • Tesla and SpaceX fell more than 12% in the first two trading days after the midterms.
Read the full story at CNN

IASummary generated by artificial intelligence from a story by CNN. It may contain errors: the original source prevails.

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