Tesla Is Killing the Cybertruck to Build a Car With No Steering Wheel. Musk Says the Truck Made Money, the Deposits Are Going Back, and You Can't Buy the Replacement
About This Episode
Elon Musk said on X on Monday, November 9, that Tesla will shut the Cybertruck line at Giga Texas in about eight months and return deposits to a lot of people, three days after announcing the wind-down to make room for the Cybercab robotaxi. He insisted the truck is not unprofitable: the factory space is simply worth more building a two-seat car with no steering wheel or pedals, which Tesla has said it will mostly keep and run as a ride service rather than sell.
Our Take
Musk says the Cybertruck was making money and he is killing it anyway, because a car with no driver that Tesla keeps and meters by the mile is worth more floor space than a truck it sells you once: the story of a car company moving its customers from owners to riders, and who holds the meter when the driver is gone.
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