Tesla axes Cybertruck: Musk ends production after $1.9bn loss

Elon Musk has announced that Tesla will end production of its controversial Cybertruck next year, winding down one of the automotive industry’s most polarising electric vehicle projects.

Musk stated the move would create manufacturing capacity for the company's Cybercab autonomous robotaxi. While Tesla originally targeted annual deliveries of 250,000 vehicles, it sold only 70,000 Cybertrucks across three years. According to financial outlet Quartz, the programme suffered staggering net losses of $1.9bn.

First unveiled in November 2019, the stainless-steel vehicle was plagued by production delays and engineering controversies. The model was subject to 11 safety recalls, including a critical defect where accelerator pedals became wedged, alongside at least five vehicle fires that caused four fatalities.

Source: The Guardian