Tesla winds down Cybertruck production amid weak demand and high costs
· Automobile · MarketWatch, Wired
Tesla CEO Elon Musk announced the winding down of Cybertruck production, ending a three-year run for the electric pickup. Deliveries began in late 2023, but the vehicle failed to catch on with buyers due to high prices and recurring recalls. The decision shifts Tesla's focus toward autonomous vehicle development, seven years after the stainless-steel truck was first teased. Tesla will redirect resources from the controversial project to prioritize its self-driving initiatives.
Why it matters
Tesla owners and investors face the discontinuation of a flagship EV model, while the company redirects capital and engineering talent toward autonomous driving technology.
Read the original report — MarketWatch
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