Tesla will cease production of the Cybertruck next year, Tesla CEO Elon Musk announced on Friday, November 6, 2026, via his X account.
The company will phase out the all-electric pickup truck at its Gigafactory in Austin, Texas, "around the middle of next year" to clear space for production of Cybercab, Tesla's two-passenger autonomous vehicle, Musk said. The stock price of Tesla increased by 4.7 percent on Friday, CBS News reported.
Texas is the only factory that makes the Cybertruck, according to Forbes, as cited by CBS. It was not immediately clear whether Tesla plans to move production to another plant or end the truck entirely, but the language from the company suggests a full phase-out.
The Cybertruck's lead engineer, Wes Morrill, posted on X that the truck was an incredible technology development platform and that it lives on through the Cybercab.
CNN noted that the announcement came at the end of a difficult week for Musk, who has often described the Cybertruck as his favorite vehicle.
Tesla unveiled the Cybertruck in 2019 and began delivering it in late 2023. At the time, Musk predicted the company would sell about 250,000 per year, and at the 2023 shareholder meeting he said his "reasonable guess" was 500,000.
Tesla even described its Texas factory as the "Cybertruck factory" before construction began.
Number of deliveries:According to estimates from the industry, the number amounted to around 70,000, according to InsideEVs, although Tesla does not reveal Cybertruck deliveries separately.
- Latest quarterly figure: Tesla delivered 8,295 vehicles in the category "other models" in Q3 2026, a 48% decrease from the same period a year ago and the lowest figure since 2021, according to Electrek.
- Cox estimates: Around 3,519 Cybertruck deliveries in Q1 2026 and 3,744 in Q2 compared with 14,416 in Q3 2024.
According to Electrek, the Cybertruck model line operates at about one quarter of its maximum capacity of over 125,000 units a year.
The stainless steel body and sharp appearance of the Cybertruck made the model popular among a certain group of consumers, but there were also complaints.
CNBC noted that the model's specifications did not meet the claims of the company and, in some cases, even lagged behind those of competing gasoline pickup trucks. The Cybertruck in 2024 was involved in 11 voluntary recalls, according to the NHTSA website. During the unveiling of the model in 2019, two windows were destroyed.
According to Musk, the reason is Cybercab. Tesla is shifting towards artificial intelligence and robotaxi technology, and according to TechCrunch, this is the third project Tesla stopped building in pursuit of its goals. At the moment, Tesla is operating robotaxis based on its Model Y vehicles in Austin, Houston, Dallas, and three cities in Florida.
As quoted by CBS News, Wall Street analyst Dan Ives said that "it was clear for all to see" that Tesla was going to stop producing the Cybertruck due to its expensive cost and poor performance and that Musk had his eye on the future – on robotics and the robotaxi era.
Not everyone shares Musk's point of view. According to Electrek, Giga Texas has over 10 million square feet of floor space, which means that the production line of Cybertruck doesn't need to close for space reasons and the reason for stopping production is rather poor sales.
Moreover, the article stated that it would come as no surprise to see Tesla losing a couple of billions on the Cybertruck. That said, the truck itself is pretty cool to drive.
There have been no comments from Tesla regarding how much time it plans to continue sales of the stock of existing cars, nor how it will support its current buyers with parts and services.
According to Electrek, there was an increase in the price of Cybertrucks by 10% right after the announcement of the end of the production cycle, though I could not find any statements from Tesla regarding the price increase. Future buyers can inquire about their warranty coverage and part availability.
Cybercab is an autonomous robotaxi capable of two passengers. Revenue and profits from the robotaxi service of Tesla have not been specified in Tesla's quarterly reports.
Electrek mentions that it may imply losses. There have also been no comments from the company about when production of the Cybercabs becomes mass-scale.
Production is supposed to continue through mid-2027. Over the next few months, Tesla could shed some light on further plans regarding production volumes, special edition models, or pricing of the vehicle.
It would also be interesting to see how fast Tesla is able to bring Cybercab production into gear and generate revenues from the robotaxi idea.
