Tesla news covering electric vehicles, Cybertruck, Model Y, Full Self-Driving, energy products, earnings, and Tesla's automotive innovations.
Tesla plans to halt Cybertruck manufacturing at its Texas factory around mid-2027 to prioritize the upcoming Cybercab autonomous vehicle. CEO Elon Musk confirmed the discontinuation, shifting focus toward robotics and AI after recent election losses, while shares fell 11% on investor concerns regarding political impacts on the AI boom.
The article argues that Tesla's decision to end Cybertruck production signals a broader industry shift away from large, battery-intensive electric trucks. This transition is presented as beneficial for pedestrian safety and the global battery supply chain, as automakers pivot toward smaller, more efficient electric vehicles like Ford's upcoming Fathom.
EVgo has launched its first Tesla Supercharger station at a Chicago grocery store, featuring 12 fast-charging stalls with Magic Dock technology. The company plans to expand this network significantly, adding hundreds of Supercharger stalls and integrating NACS plugs into its existing infrastructure by the end of 2026.
Business Insider reports that Tesla is pausing Cybertruck production until mid-2027 due to sales falling short of expectations. The article reviews the vehicle's cultural impact, from its controversial unveiling to its role in American politics, noting how its unique design limited broader consumer appeal.
Kotaku argues that Tesla is ending Cybertruck production to prioritize the Cybercab, citing the vehicle's controversial design and safety record. The commentary contends the truck was flawed from inception, referencing the shattered glass demo and fatal crashes, while criticizing Elon Musk's influence and the vehicle's cultural ridicule.
Bloomberg journalists analyze stock market movements, highlighting Airbnb's strong revenue growth and $12 billion share repurchase plan. The report also covers Tesla's decision to discontinue the Cybertruck to prioritize autonomous vehicle production, and Hims & Hers' new telehealth deal with Eli Lilly for obesity drugs.
TheStreet details Elon Musk's substantial ownership stake in Tesla, reporting he holds approximately 19.8% of shares valued at $269 billion. The article outlines his accumulation of wealth through stock rather than salary, positioning him as the largest individual shareholder amidst significant institutional holdings.
Tesla expanded its unsupervised Robotaxi service to Fort Worth, continuing its US rollout. Meanwhile, Wall Street optimism grew for Rivian following an upgrade by UBS and strong delivery numbers, while rival BYD continued to report significant sales growth in October.
Tesla increased Cybertruck prices by up to 10% and halted orders for the base Dual Motor AWD trim, with the cheapest model now costing $92,490. This price hike coincides with plans to end Cybertruck production at Gigafactory Texas around mid-2027 to prioritize Cybercab output.
The Indiana Supreme Court mandated a new trial regarding Tesla's potential vicarious liability for a motorcycle accident involving one of its employees. The high court ruled that a jury must decide if the driver was acting within the scope of his employment at the time of the crash, overturning a prior $42.5 million verdict.