Tag: Elon Musk

  • Tesla Will Stop Making the Cybertruck Around Mid-2027, Musk Says

    Tesla Will Stop Making the Cybertruck Around Mid-2027, Musk Says

    Introduction

    Tesla’s Cybertruck is one of the most famous electric vehicles in the world. It looks like a big silver triangle on wheels, and people either love it or find it very strange. Now, Tesla says it will stop making the Cybertruck around the middle of 2027. The news was shared by Tesla boss Elon Musk on November 6, 2026. That is why so many people are searching for Cybertruck today.

    What Happened

    Elon Musk said Tesla will wind down Cybertruck production in Texas around mid-2027. To wind down means to slowly stop making something. The Cybertruck is built at Tesla’s big factory in Texas, which is called Gigafactory Texas. The space used for the Cybertruck will be used to build a new vehicle instead.

    The new vehicle is called the Cybercab. It is a small robot taxi with no steering wheel and no pedals. A robot taxi is a car that drives itself, with no human driver. Tesla says the Cybercab should start being built in 2027. Tesla already runs a robot taxi service in Austin, Texas, and in the San Francisco Bay Area, with safety monitors inside the cars.

    The Cybertruck first went on sale in late 2023, after it was shown to the world in 2019. Musk said the Cybertruck was always a low-volume vehicle, which means Tesla never planned to sell huge numbers of it. Tesla’s best-selling vehicles are the Model Y and the Model 3, and those are the cars Tesla wants to focus on. The 2024 model year Cybertruck has also had 11 voluntary recalls since sales began, according to safety data. A recall is when a company asks owners to bring a vehicle back to fix a problem.

    Why People Are Talking About It

    People are talking about this because the Cybertruck was a very bold idea. Its sharp, steel body looked like nothing else on the road, and it got a lot of attention when it launched. Some people loved its futuristic look, and others thought it was too strange. Now fans are asking what will happen to the Cybertrucks that are already on the road, and whether the truck will become a rare collector’s item. The news also shows that Tesla is now more focused on self-driving cars than on big pickup trucks.

    What Happens Next

    Tesla will keep building Cybertrucks until around the middle of 2027. After that, the Texas factory will switch over to making the Cybercab. Owners of the Cybertruck should still be able to get help and parts from Tesla, as the company supports its cars after they stop being made. Fans will watch closely to see how the Cybercab does when it starts rolling out, and whether self-driving taxis become a normal part of life.

    Final Thoughts

    The Cybertruck was never a normal truck, and its story is ending in a way that fits its strange style. It came in with a big splash, and now it is making way for Tesla’s next big idea. Whether you loved it or not, the Cybertruck changed how people think about electric trucks. Now all eyes turn to the Cybercab and the future of cars that drive themselves.

    Disclaimer: This article is for educational and informational purposes only and does not constitute financial advice.

    Sources: CNBC: Musk: Tesla to wind down Cybertruck production in Texas next year. Photo: Tesla Cybertruck, Pexels.

  • Tesla and SpaceX Shares Fall After the 2026 Midterm Elections

    Tesla and SpaceX Shares Fall After the 2026 Midterm Elections

    Tesla makes electric cars. SpaceX makes rockets. Both companies are linked to Elon Musk. On November 5, shares in both companies fell a lot. The fall came after the 2026 midterm elections in the United States. The two companies lost more than $420 billion in value together.

    What Happened

    The midterm elections are held in the middle of a president’s term. Voters choose members of Congress. Congress is the group that makes laws in the United States. In this election, Democrats won control of the House and the Senate. Texas also flipped to blue. That means Democrats won there. On Thursday afternoon, SpaceX shares fell by about 9%. Tesla shares fell by about 11%. A share is a small piece of a company. The two companies had already lost value since Tuesday. By Thursday afternoon, their combined loss was more than $420 billion. By the close of trading on Thursday, the loss was about $456 billion. Market cap means the total value of a company’s shares. When shares fall, market cap falls too.

    Key Figures

    • About 11%: the fall in Tesla shares on Thursday afternoon.
    • About 9%: the fall in SpaceX shares on Thursday afternoon.
    • More than $420 billion: the combined value lost by the two companies since Tuesday’s close.
    • About $456 billion: the combined loss by the close of trading on Thursday.
    • More than $470 million: the money Musk gave to Republican causes, according to the Financial Times.

    Why It Happened

    Musk was the biggest donor to Republican causes in the election. He gave more than $470 million. Most of the candidates he backed lost. Investors watched the results closely. They worried the new Congress could change rules for big projects. SpaceX and Tesla both have big plans. SpaceX is working on data centers and a deal with Qualcomm. Tesla is working on new cars and technology. When investors feel unsure, they often sell shares. Tech shares fell more broadly on Thursday too.

    Why It Matters

    A fall of more than $420 billion is very large. It shows how fast share prices can move after an election. Many people own Tesla shares. Some own them in pension funds or savings plans. A pension fund is a pot of money saved for retirement. When Tesla shares fall, those savings can fall too. SpaceX has been in the news before. It teamed up with Qualcomm to build mobile network gear. Investors will watch both companies closely now.

    What Happens Next

    Investors will watch what the new Congress does next. They will watch plans for data centers and new technology. They will also watch Tesla’s car sales and SpaceX’s next steps. Share prices can rise or fall fast after big news. The next few days will show if the fall was short or if it lasts longer.

    Final Thoughts

    Elections can move markets. This week, they moved Tesla and SpaceX shares down a lot. The numbers are big, but the story is simple. Investors felt unsure, and they sold. Time will tell if the companies bounce back.

    Quick Questions

    What is market cap?
    Market cap means the total value of a company’s shares. When shares fall, market cap falls too.

    Why did Tesla and SpaceX shares fall?
    They fell after the 2026 midterm elections. Democrats won control of the House and the Senate, and investors felt unsure.

    What are the midterm elections?
    The midterm elections are held in the middle of a president’s term. Voters choose members of Congress, the group that makes laws.

    Disclaimer: This article is for educational and informational purposes only and does not constitute financial advice.

    Sources: CNBC and Reuters