Tesla’s Cybertruck has reached the end of the road.
Elon Musk announced on Friday that the electric car maker would cease production of its stainless steel pickup truck at its Texas factory by mid-2027. Musk, CEO of Tesla and SpaceX, said the move was intended to “make room for increased Cybercab production,” referring to Tesla’s self-driving taxi.
Wall Street analyst Dan Ives, senior managing director at Yorkville Ives & Co, told CBS News in an email that “the writing is on the wall” for the Cybertruck given the vehicle’s high price and lackluster demand.
Tesla stock rose 4.7% on Friday following Musk’s announcement.
Tesla revealed for the first time the Cybertruck in 2019, attracting attention for its boxy design and futuristic look. Tesla billed the car as a rolling fortress capable of towing 14,000 pounds and withstanding blows from sledgehammers and even guns. But the vehicle has been plagued by quality issues and faced numerous recalls due to problems with its rear view camera, pedals and other components.
Sven Hoppe/alliance photo via Getty Images 
It is unclear whether production of the Cybertruck will continue at other factories, although this seems unlikely. According to Forbes, Tesla’s gigafactory in Texas is the only one currently manufacturing the pickup.
Low sales
Tesla continues to dominate the electric vehicle sector. But most of the company’s sales come from its Model Y and Model 3 vehicles, according to Cox Automotive.
Tesla sold only 20,237 Cybertrucks in 2025, up from 38,965 the year before, according to figures from Kelley Blue Book. After commercial production of the truck begins in 2023, Musk predicted annual sales of 250,000 Cybertrucks. The vehicle initially sold for $60,990.
Cybertrucks have also become a flash point in the debate over Musk’s role in the Trump administration as head of the Department of Government Effectiveness. In protest, some people vandalized Cybertrucks at Tesla dealerships.
“Musk is focused on robotics and the robotaxis era, which frees up production as the Cybertruck ramp is winding down,” Ives said.
Tesla unveiled its Cybercaba two-seater vehicle without a steering wheel or pedals, in 2024. Production of the vehicle began at the company’s Texas plant in April and service began in Austin in September.
Ives expects Tesla to be acquired by Musk’s rocket company SpaceX next year, a move that would give the electric vehicle company access to more computing and capital, he said in a note to investors last week.
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