Elon Musk appears to signal the end of the road for Cybertruck - International

The US approved sales of Nvidia's H200 AI chips to Chinese firms, including some with ties to blacklisted entities, raising concerns about national security. Approved companies include Baidu, BYD, Tesla Shanghai, Alibaba, Tencent, and ByteDance. Nvidia defended its sales, stating China's military has little incentive to rely on US technology. The Commerce Department defended its screening process, citing penalties and enforcement efforts.

Tesla's Giga Shanghai factory now sources 98% of parts locally, up from 95%, and works with over 400 local suppliers. The factory produced 810,889 vehicles in the first 10 months of 2023, a 21.42% increase year-over-year. Tesla is expanding production at its other factories, including Giga Texas and Giga Berlin.

Tesla CEO Elon Musk announced plans to wind down Cybertruck production at Gigafactory Texas by mid-2027 to allocate space for increased Cybercab production. Musk clarified that existing Cybertrucks will remain in service, but no details were provided on relocation, volume, or pricing. The move is part of a strategic shift in production priorities.

Tesla plans to wind down Cybertruck production at its Texas factory by mid-2027 to focus on Cybercab. Sales fell 48.1% in 2025, missing projections. Meanwhile, Tesla lags in Africa's growing EV market, where Chinese rival BYD has gained significant share.

Full-size electric trucks in the US have underperformed, with sales down 53% year-over-year. Automakers like GM, Ford, and Stellantis have faced billions in write-downs. Tesla has discontinued the Cybertruck. Industry experts cite high costs and compromises in towing and range as key challenges. Automakers are now focusing on smaller, cheaper electric trucks, such as Ford's Fathom and Slate Auto's Blank Slate.

Tesla will stop producing the Cybertruck by mid-2025 to focus on the Cybercab, an autonomous ride-share vehicle. The Cybertruck faced production issues, recalls, and lawsuits. Tesla's stock rose 5% after the announcement. The Cybercab, unveiled in July, competes with Waymo's autonomous vehicles.