Tesla to wind down Texas Cybertruck production next year, CNBC reports
CNBC reported that Tesla will reduce Cybertruck output in Texas next year to shift capacity toward a Cybercab, and noted limited sales and recalls of the model.
What happened
CNBC reported on Nov 6, 13:12 UTC that Tesla will wind down Cybertruck production in Texas next year to ramp the Cybercab, citing Chief Executive Officer Elon Musk. The report names Tesla and its Cybertruck and Cybercab programs as the companies and products concerned.
CNBC's summary said the Cybertruck gained a niche following, did not achieve mass‑market sales, and that Tesla has issued several voluntary recalls.
Stocks market context
As of Nov 5, 21:00 UTC, major U.S. market proxies and large-cap tech stocks were lower. The SPY ETF was $733.00 and fell 4.41% from the prior close; the QQQ ETF was $647.05 and fell 6.49% from the prior close. Among single names, Tesla was $343.69 and fell 10.77% from the prior close, and NVIDIA was $181.60 and fell 9.26% from the prior close. (Finnhub)
| Instrument | Last | Change | Basis | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $733.00 | -4.41% | vs prior close | Nov 5, 21:00 UTC | Finnhub |
| Nasdaq 100 (via QQQ ETF) | $647.05 | -6.49% | vs prior close | Nov 5, 21:00 UTC | Finnhub |
| NVIDIA | $181.60 | -9.26% | vs prior close | Nov 5, 21:00 UTC | Finnhub |
| Apple | $344.17 | -1.53% | vs prior close | Nov 5, 21:00 UTC | Finnhub |
| Microsoft | $535.93 | -3.58% | vs prior close | Nov 5, 21:00 UTC | Finnhub |
| Amazon | $260.21 | -2.19% | vs prior close | Nov 5, 21:00 UTC | Finnhub |
| Alphabet | $282.57 | -2.20% | vs prior close | Nov 5, 21:00 UTC | Finnhub |
| Meta Platforms | $605.08 | -3.96% | vs prior close | Nov 5, 21:00 UTC | Finnhub |
| Tesla | $343.69 | -10.77% | vs prior close | Nov 5, 21:00 UTC | Finnhub |
| JPMorgan Chase | $337.34 | -4.19% | vs prior close | Nov 5, 21:00 UTC | Finnhub |
Related coverage
Yahoo published a Nov 6 item titled "Tesla Plans to Scale Back Cybertruck Production in Texas as Focus Shifts to Cybercab." Yahoo also ran a Nov 6 piece titled "RIP Cybertruck. Musk Says Tesla Winding Down Production Months After It Was Called The “Biggest Flop In Automotive History”." Additional Yahoo coverage on Nov 5 discussed stock moves and regulatory questions facing Elon Musk.
- Tesla to wind down Cybertruck production in Texas next year to ramp Cybercab, Musk says — CNBC, Nov 6, 13:12 UTC
- Tesla Plans to Scale Back Cybertruck Production in Texas as Focus Shifts to Cybercab — Yahoo, Nov 6, 11:01 UTC
- RIP Cybertruck. Musk Says Tesla Winding Down Production Months After It Was Called The “Biggest Flop In Automotive History” — Yahoo, Nov 6, 11:08 UTC
- Elon Musk faces a new $28.5 trillion problem after Texas upset — Yahoo, Nov 5, 15:07 UTC
- Tesla Sinks 12%, SpaceX Down 9% as Midterm Sweep Puts Merger on “A Much Tougher Regulatory Roadmap” — Yahoo, Nov 5, 18:43 UTC
What to watch
No scheduled events specifically tied to Tesla are listed among upcoming events. The next calendar items shown are KKR Q3 2026 earnings, DOLE Q3 2026 earnings and CNH Q3 2026 earnings, all scheduled Mon Nov 9 (before the open). These items are listed as upcoming corporate earnings rather than events tied to Tesla.
- Mon Nov 9 (before the open) — KSPI Q3 2026 earnings · EPS estimate 1571.76
- Mon Nov 9 (before the open) — CEG Q3 2026 earnings · EPS estimate 3.89
- Mon Nov 9 (before the open) — NRG Q3 2026 earnings · EPS estimate 3.36
- Mon Nov 9 (before the open) — FERG Q3 2026 earnings · EPS estimate 3.37
- Mon Nov 9 (before the open) — CNH Q3 2026 earnings · EPS estimate 0.10
- Mon Nov 9 (before the open) — KKR Q3 2026 earnings · EPS estimate 1.60
Sources and data
- CNBC (secondary source) — Tesla to wind down Cybertruck production in Texas next year to ramp Cybercab, Musk says
- Yahoo (secondary source) — Tesla Plans to Scale Back Cybertruck Production in Texas as Focus Shifts to Cybercab
- Finnhub (market data) — market data
Market data as of Nov 5, 21:00 UTC; report generated Nov 6, 13:41 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
S&P 500
A float-adjusted, market-cap-weighted index of about 500 leading US companies selected by a committee at S&P Dow Jones Indices.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Earnings per share (EPS)
A company's net profit attributable to ordinary shareholders divided by its average number of shares.
Sources & data
- CNBC (secondary, retrieved Nov 6, 2026, 01:45 PM UTC)
- Yahoo (secondary, retrieved Nov 6, 2026, 01:45 PM UTC)
- Finnhub (market-data, retrieved Nov 6, 2026, 01:45 PM UTC)
Market data as of Nov 5, 2026, 09:00 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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