Penguin logoPenguin TradingFind value beyond consensus
← Crypto News

Tesla adjusts Texas factory plans, Cybertruck production capacity shifts to Cybercab

Elon Musk stated that Tesla plans to gradually reduce Cybertruck production at its Texas factory starting in mid-2027 to expand the production of Cybercab.

Tesla began producing Cybertruck at its Austin factory in 2023, but market demand has been poor. Tesla has been producing the golden two-seater Cybercab at the Austin factory as an important part of its transformation plan.