Cybertruck U.S. Sales Halve as Tesla Retools Texas for Cybercab
TSLA sits 21% above its 52-week low of $297.38.
Summary
Tesla's U.S. Cybertruck sales fell 48% to 20,237 in 2025 from 38,965 in 2024, per Kelley Blue Book, and the company now plans to phase down Cybertruck production at its Texas plant around mid-2027 to free capacity for the Cybercab. The truck has been recalled 11 times since deliveries began in late 2023, and Tesla is refunding deposits to reservation holders in Australia and New Zealand who will not get the vehicle. Management is betting the pivot pays off: Cybercab production capacity exceeds 125,000 units, paid rides have started in Austin, and roughly 570 of Texas' 1,200-plus robotaxis are Cybercabs. The Cybertruck was supposed to be a volume halo product; a halving of demand and a wind-down inside two years is an admission it failed commercially, and it shifts the growth burden onto a robotaxi program that is still early. This lands after Q3 revenue of $28.05B beat consensus while operating income fell 56% to $718M on AI and R&D spending, so the market is already sensitive to anything that raises the cost of the autonomy bet. Tesla also enters Argentina on Nov. 20, 2026.
At the time of this announcement, TSLA was trading at $359.40 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.4T. The 52-week trading range was $297.38 to $498.83. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.