From The Economic Times
Center-Right Owned by Bennett, Coleman & Co.Tesla Cybertruck hits a dead end: Elon Musk's futuristic EV launched 4 years after unveiling, sold only 10% of his target, with its biggest buyer being another of the billionaire's companies
What's behind this
Tesla’s Cybertruck, unveiled four years ago, has struggled to meet sales expectations, delivering only about 20,237 units last year – roughly 10% of the 250,000‑unit annual target Musk had set. The vehicle’s biggest purchaser has been another of Musk’s companies. Ongoing delays and recalls have hampered its appeal, and Elon Musk announced on social media that production at Gigafactory Texas will be wound down around mid‑2027, effectively ending the model’s run.
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center · 2 outlets
NEW YORK: Production of Tesla's Cybertruck, a stainless-steel electric vehicle with a polarising allure for potential buyers, will wind down next year. In a post on social media, CEO Elon Musk said, “Tesla will be winding down production of the Cybertruck at Gigafactory Texas around the middle of…
— DT Next
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right · 2 outlets
Elon Musk revealed that Tesla will halt Cybertruck production at Gigafactory Texas around mid-2027. The Cybertruck sold only 20,237 units last year, far below Musk's expectations of 250,000 units annually. Multiple delays and recalls significantly impacted the Cybertruck's journey since its…
RSS excerpt
Elon Musk revealed that Tesla will halt Cybertruck production at Gigafactory Texas around mid-2027. The Cybertruck sold only 20,237 units last year, far below Musk's expectations of 250,000 units annually. Multiple delays and recalls significantly impacted the Cybertruck's journey since its…
