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00:02Tesla will add an extra production shift to complete outstanding Cybertruck orders
00:07before dismantling the production line around June or July next year.
00:11In a post on X on Saturday, CEO Elon Musk said the order backlog exceeds what Tesla
00:18can produce before the shutdown. The company plans to wind down Cybertruck production at
00:23its Texas factory and shift resources toward the CyberCab RoboTaxi, according to Reuters.
00:29Investor Ross Gerber called Tesla's decision to wind down Cybertruck production another
00:34failure. Fellow investor Gary Black said Tesla missed an opportunity by not building a more
00:40conventional looking pickup. The Cybertruck has struggled to meet Musk's early sales
00:45expectations since its 2023 launch, while also facing repeated recalls and quality concerns.
00:51For all things money, visit Benzinga.com.
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