Tesla CEO Elon Musk announced that the company will stop producing the Cybertruck next year, repurposing the factory space to build two-seater Cybercab robotaxis. Despite initial high hopes and plans to sell 250,000 units annually, the Cybertruck has sold only tens of thousands since its late 2023 launch, hindered by delays, higher prices, and mixed customer reception. This move aligns with Tesla's broader strategy to focus on AI and robotics, including expanding its robotaxi services and developing humanoid robots. The shift marks the third major product discontinuation as Tesla pivots towards its future in autonomous and robotic technologies.
Tesla's market cap stands at $1.36 trillion as of November 6, 2026, 18:41 WIB, reflecting its significant presence in the consumer cyclical sector. On Pluang, Tesla shares are trading at USD 351.70 with a 1-day gain of 2.33%, and the platform shows a balanced order activity with 54% buying interest. This trading activity occurs as Tesla shifts focus from Cybertruck production to AI and robotics, highlighting investor attention on its evolving business strategy.
Tesla announced it will wind down production of the Cybertruck at its Texas Gigafactory by mid-2027 to make room for increased Cybercab production, which supports Tesla's Robotaxi fleet. The Cybertruck, once expected to sell up to 500,000 units annua...
Tesla CEO Elon Musk announced that production of the Cybertruck at the Texas Gigafactory will wind down around mid-2027. The Texas factory near Austin is currently the only facility known to produce components for the Cybertruck, leaving uncertainty ...
Tesla CEO Elon Musk announced plans to scale back Cybertruck production at the Texas gigafactory by mid-2027 to increase output of the new Cybercab, a key part of Tesla's robotaxi strategy. The Cybertruck, known for its futuristic design, has struggl...
Elon Musk's net worth dropped by nearly $80 billion in one day due to a 10.77% fall in Tesla's stock amid a broad tech market sell-off. Chipmakers like Micron and AMD also suffered steep losses despite strong earnings, driven by fears of political ch...
Apple, Amazon, Tesla, and about 62 other companies have formally objected to having their shares tokenized and traded on a new blockchain stock venue co-owned by the NYSE's parent company. Under SEC rules, companies can block third-party tokenized ve...
