Cars - With us in April, a lot of the news coming out these days should be treated with caution, including the news that Tesla has canceled the production of its Cybertruck truck. The company's CEO, Elon Musk, said that the production of the long-awaited Cybertruck has been canceled. The reason for this is that the truck's ongoing development costs far exceeded the original budget. It is therefore no longer commercially viable to continue producing the truck.
“It is very sad to say that we made the difficult decision to cancel the production of Cybertruck,” Musk wrote. I know there will be a lot of frustrated customers and all advance bookings will be refunded immediately. The decision was made in favor of Tesla and its future.
Despite its lack of a PR department, internal sources at the California-based automaker quietly say that Musk studied the numbers and ultimately decided that the Gigafactory currently under construction in Austin, Texas would be better suited to produce the Model Y and Model 3 only.
Originally, the Austin plant was planned to produce both the Cybertruck and the Model Y, but demand for the Model 3 continues to increase rapidly. Furthermore, the delayed launch of the Cybertruck and other issues would have resulted in a much higher price than initially announced.
When the truck debuted in 2019, Musk promised a base price of $39,900 for the rear-wheel-drive model. The all-wheel-drive version will start at just $10,000 more. Material costs, generally in the auto industry, have increased over the past two years since the outbreak of the coronavirus pandemic alongside the ongoing war in Ukraine.
