Tesla Pauses Cybertruck Production Amid Signs of Slowing Demand

Benzinga 2024-12-04

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Tesla has paused Cybertruck production several days at its Giga Austin factory, signaling potential demand issues. Workers were sent home for three days but still received pay. The move suggests Tesla may be managing inventory due to slowing sales. In August, Tesla stopped taking orders for its least expensive Cybertruck, signaling possible demand concerns as more expensive models built up in inventory. It also introduced lease options to boost sales. The Cybertruck became the third-best-selling electric vehicle in the third quarter, behind only Tesla’s Model Y and Model 3. It also outpaced its EV pickup competitors.

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