Tesla Will Wind Down Cybertruck Production by Mid-2027, Musk Says

Tesla plans to stop building the Cybertruck at its Texas factory around the middle of 2027. Chief executive Elon Musk said in a post on X on Friday, November 6, 2026, that the company will be winding down Cybertruck production at Gigafactory Texas "to make room for increased Cybercab production," as quoted by Forbes and CBS News.

The Cybercab is Tesla's two-seat self-driving taxi. Neither Musk's post nor the reports we reviewed cited a separate Tesla press release or filing about the decision.

Key facts

Why the truck is being phased out

The Cybertruck was unveiled in 2019 and reached its first customers in late 2023, about two years later than planned, according to TechCrunch. At the reveal, Tesla said the truck would start under $40,000 and offer up to 500 miles of range. TechCrunch reported that it reached neither goal: the base price ended up around $60,000 and the top range came in more than 100 miles short.

Sales have also fallen far short of Musk's own forecasts. TechCrunch said Musk predicted around 250,000 sales a year when deliveries began, while Forbes said he estimated 250,000 to 500,000 trucks a year at the May 2023 shareholder meeting. Tesla has instead sold only "tens of thousands" in total over three years, TechCrunch reported. CBS News noted the truck has also faced quality problems and numerous recalls.

Forbes noted that Musk did not say whether Cybertruck production would end entirely. CBS News said it is unclear whether the truck will be built at other factories, though that appears unlikely because Texas is the only plant that makes it.

Tesla's shift toward autonomy

The move fits a broader change at Tesla. Earlier in 2026 the company ended Model S and Model X production and used that factory space for its Optimus humanoid robots, according to TechCrunch. Cybercabs have been operating in Austin for about two months, TechCrunch said, and Tesla plans to expand the service to Dallas later this month, according to TechCrunch.

What it means for investors

For Tesla shareholders, the decision trims a product that never reached the volume Musk promised and puts more weight on the robotaxi business, which is still early and unproven at scale. Before reacting to one headline, it helps to look at how much of a company's sales a single product makes up. Our guide on how to read an earnings report explains where to find that, and how to read a stock quote covers the basics of tracking TSLA.

This article is for information only and is not investment advice.