Tesla to Cease Cybertruck Production, Shifts to Cybercab as Zipline Secures $1.5B
Tesla said it will stop producing the Cybertruck at its Austin, Texas gigafactory next year after selling about 71,000 units, and Zipline announced it has raised $1. 5 billion to grow its U. S. delivery network.
Earlier, Elon Musk announced that the company would wind down Cybertruck production at the Austin plant to shift capacity to the newly introduced Cybercab. Tesla added an extra shift to fulfill pending Cybertruck orders before dismantling the line for Cybercab later next year. Business Insider reported a steep decline in full-size electric pickup sales, prompting manufacturers to pivot toward smaller, lower-cost trucks.