Tesla to Wind Down Texas Cybertruck Production by Mid-2027 for Cybercab

Tesla plans to wind down Cybertruck production at its Austin, Texas Gigafactory around mid-2027, Chief Executive Elon Musk announced on social media platform X. The move reallocates factory capacity to accelerate manufacturing of the Cybercab, Tesla's dedicated autonomous robotaxi. Musk did not clarify whether Cybertruck assembly will move to another facility or be discontinued entirely. Following the strategic shift and broader market volatility, Tesla shares fell roughly 9%. The Cybertruck has struggled with demand, pricing changes, and multiple recalls since launching in 2023.