Tesla Cuts Cybertruck Builds to Make Room for Cybercab

Elon Musk wants to bet big on driverless cabs. Tesla plans to slow Cybertruck production at its Texas factory. The company needs floor space to build more Cybercabs instead.

Musk shared this timeline during a company meeting. Tesla will phase down truck output by mid-2027. The shift gives the carmaker room to scale its robotaxi fleet.

The Cybertruck gained lots of attention on the road. Still, Tesla sees a larger future in cheap autonomous rides. The Cybercab design has no steering wheel or pedals.

Investors watch these factory shifts closely. A pivot to autonomous taxis signals where Musk expects future profits to grow. Watch for new updates as Texas retools its lines.

Source: Fox Business