Tesla CEO Elon Musk has clarified that the Cybertruck isn’t being discontinued because it is unprofitable. Instead, the company believes it can make better use of the production space by building more Cybercab robotaxis, which are central to its future plans.
Musk said the complexity involved in producing the Cybertruck is outweighed by the potential value of increasing Cybercab output. Tesla plans to repurpose the space at its Texas factory to build more two-seat robotaxis.
The decision will leave many Cybertruck customers waiting for refunds. Musk has confirmed that the company will have to return deposits to a large number of buyers, as it cannot fulfil all outstanding orders before production ends.
Tesla plans to add an extra production shift to clear as much of the backlog as possible. However, that may not be enough. Musk said the company would try to build as many pickups as it could before shutting down the production line in around eight months.
Source: Tech Crunch
