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Tesla plans to end Cybertruck output at its Texas plant around mid-2027 and expand Cybercab production. Musk's political spending and talk of a Tesla-SpaceX merger drew investor scrutiny.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla CEO Elon Musk confirmed the automaker will wind down Cybertruck production at its Texas
00:08factory around mid-2027 to make room for increased CyberCab production. Investor Ross Gerber expressed
00:16nostalgia for Tesla's earlier focus as the company shifts toward robotics and autonomous driving.
00:22Investor Gary Black renewed his criticism of a potential all-stock merger between Tesla and
00:27SpaceX, warning of shareholder dilution. Senator Ted Cruz and Governor Ron DeSantis warned that
00:34Democrats could target Musk's businesses following sweeping midterm election victories.
00:39Musk spent $474 million attempting to influence the elections. Protest group Tesla Takedown celebrated
00:48the Democratic gains and called for Musk to testify before Congress about his work with the Department
00:53of Government Efficiency. For all things money, visit Benzinga.com.
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