Tesla CEO Elon Musk said the company will "be winding down" production of the Cybertruck at its Texas gigafactory around the middle of next year. He made the statement in a post on X early Friday.
Musk said the change would make room for manufacturing of the Cybercab, a two-seat robotaxi he has described as crucial to the automaker's future. He did not say whether the Cybertruck would be built at another facility. In a reply to a user who called the update an "end of an era," he wrote: "True, but the Cybertruck fleet will be around for a long time."
Tesla did not immediately respond to a request for comment from CNBC.
Tesla began Cybertruck deliveries in late 2023. Cox Automotive estimated U.S. Cybertruck sales at 20,237 units last year, down 48% from 38,965 in 2024. Tesla does not break out sales by model. SpaceX, which Musk also leads, bought $131 million worth of Cybertrucks last year at Tesla's suggested retail price, according to a SpaceX financial filing.
The National Highway Traffic Safety Administration website lists 11 voluntary recalls for the 2024 Cybertruck. The issues included a pedal risk that could cause unintended acceleration and an inverter fault that could cause a sudden loss of drive power.