Musk plans to gradually shut down the Cybertruck production line at the Texas factory around the middle of next year to make room for the Cybercab. The truck will be discontinued less than three years after deliveries began, huh.
It’s obvious they’re not selling: in the third quarter, excluding the Model 3 and Model Y, all the other models combined delivered just over 8,000 vehicles—half as many as a year earlier—while the factory has installed capacity for well over 100,000. There are more machines than people, honestly. And they’re still raising the price: the cheapest version you can order now costs over $90,000. Today Musk came out with another claim that orders are coming in much faster than they can produce the vehicles. Put that next to the shutdown plan and it sounds pretty odd, doesn’t it? Tesla shares closed up more than 4% last Friday, but the market clearly didn’t take any notice, haha.
It’s obvious they’re not selling: in the third quarter, excluding the Model 3 and Model Y, all the other models combined delivered just over 8,000 vehicles—half as many as a year earlier—while the factory has installed capacity for well over 100,000. There are more machines than people, honestly. And they’re still raising the price: the cheapest version you can order now costs over $90,000. Today Musk came out with another claim that orders are coming in much faster than they can produce the vehicles. Put that next to the shutdown plan and it sounds pretty odd, doesn’t it? Tesla shares closed up more than 4% last Friday, but the market clearly didn’t take any notice, haha.