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 struggled with market appeal, regulatory hurdles in Europe, and quality issues. While it's unclear if production will move elsewhere or end, the Austin plant is currently the only facility equipped for Cybertruck manufacturing. The Cybercab, featuring no steering wheel or pedals, aims to be Tesla's flagship autonomous vehicle for a driverless taxi network, with paid rides already offered in Austin.
As of Nov 06, 2026 17:21 WIB, Tesla shares on Pluang are priced at USD 350.30, showing a positive 1-day change of 1.92%. The stock's market capitalization stands at $1.52 trillion, reflecting strong investor interest despite challenges with the Cybertruck production. Pluang order activity leans slightly towards buying at 54%, indicating cautious optimism among traders.
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...
Tesla's stock has soared since its 2010 IPO at $17, turning a $1,000 investment into about $241,852 today, driven by product launches and expansion into AI and robotics. However, recent investors face losses as the stock price has declined over the p...
SpaceX and Tesla shares fell 9% following Texas elections that brought Democratic leaders promising to halt new data center construction and investigate SpaceX's Starlink grants. This threatens SpaceX's planned data centers and Tesla's robotaxi expan...
Tesla's stock fell 9.46% in one day, dragging down popular ETFs like SPY, QQQ, and especially the Consumer Discretionary Select Sector SPDR Fund (XLY), which holds nearly 20% Tesla. This decline affected many retirement accounts even if investors nev...
