Tesla to Wind Down Cybertruck Production, Musk Says

Musk made the announcement without a major public event, a contrast with the attention that surrounded the truck’s launch. In 2019, he praised the Cybertruck on an earnings call, while cautioning that he could be “totally wrong” and “totally out to lunch.”

Tesla had targeted production and demand of 250,000 Cybertrucks a year. The company has sold 70,000 in total to date, according to the article. SpaceX, Musk’s other company, became one of the largest single purchasers, helping absorb unsold inventory.