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Elon Musk announces phased reduction of Cybertruck production by mid-next year

Nasdaq +3 · ·by G4L

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  1. 1Tesla CEO Elon Musk will phasedly reduce Cybertruck production at Gigafactory Texas around mid-next year.
  2. 2Cybertruck, with quarterly Tesla sales in the thousands, began actual production in 2024 after its 2019 unveiling.
  3. 3Targeting a global robotaxi market value of $8 trillion to $10 trillion, the halt in Cybertruck production is designed to secure space for expanding Cybercab production.

So what's the key point?

Tesla will gradually reduce Cybertruck production starting from mid-next year. This is to make room to increase Cybercab production to target the robotaxi market.

Source Nasdaq +3 · View original ↗

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