5 Reasons The Cybertruck Didn't Catch On, Its Legacy, And What Tesla's Drop Means For Owners

Tesla is ending the Cybertruck. Elon Musk wrote on X that Tesla will be winding down Cybertruck production at Gigafactory Texas around the middle of next year, and InsideEVs reports the factory space will go to the Cybercab robotaxi. In this video, Armen Hareyan of Torque News answers three questions: why the Cybertruck didn’t catch on, what its legacy will be, and what the end of Cybertruck production means for people who already own one. The numbers tell the story. Tesla planned to build 250,000 Cybertrucks a year, but Electrek reports it is now selling about 30,000 a year, roughly 12% of that plan. Cox Automotive estimates show U.S. Cybertruck sales falling from more than 14,000 in the third quarter of 2024 to about 3,700 in the second quarter of 2026. We break down the five main reasons it didn’t catch on: 1. the price climbed from the promised $39,900 to a luxury truck; 2. the stainless steel design divided traditional truck buyers; 3. it couldn’t be sold in Europe and most global markets; 4. stainless steel is expensive at low volume; 5. the electric pickup market was tough, and the Cybertruck added delays and 11 recalls. The Cybertruck won’t be remembered as a simple failure. We look at its legacy, including technology like the 48-volt electrical system, steer-by-wire, rear-wheel steering and the exoskeleton body, as well as its cultural impact and its potential as a future collectible. We also cover the business lesson behind 250,000 refundable preorders. Then we explain what this means for Cybertruck owners: 1. what happens to your warranty; 2. why long-term parts and service matter; 3. the latest Cybertruck price increase, with the Premium now $92,490 and the Cyberbeast $102,490; 4. what could happen to Cybertruck resale value. Do you own a Cybertruck? Will you keep it, sell it, or buy one before production ends? Tell us in the comments. Read the full story at https://www.torquenews.com. Sources cited in this video include Elon Musk on X, InsideEVs, Electrek, Cox Automotive, Reuters and NHTSA. Images are courtesy of Tesla and Torque News. Like the video, subscribe to Torque News and share it with someone who has been following the Cybertruck story. Three things you don't want to miss about today's Cybertruck announcement and its chronology. 1. Elon Musk Announces Tesla Will Discontinue Cybertruck Production After 9 Months – He Says, “Tesla Will Wind Down Cybertruck Production In The Middle Of Next Year To Make Room For Cybercab Production” https://www.torquenews.com/11826/elon-musk-announces-tesla-will-discontinue-cybertruck-production-after-9-months-he-says-tesla 2. Tesla Cybertruck Dies With a Whimper as Musk Takes It Out Behind Woodshed to Put It Out of Its Misery https://www.torquenews.com/1083/tesla-cybertruck-dies-whimper-musk-takes-it-out-behind-woodshed-put-it-out-its-misery 3. 5 Reasons The Cybertruck Didn't Catch On, It's Legacy, And What Tesla Dropping It Means For Owners https://www.torquenews.com/1/5-reasons-cybertruck-didn-t-catch-it-s-legacy-and-what-tesla-dropping-it-means-owners #cybertruck This is Armen Hareyan from Torque News. Please follow us at https://x.com/torquenewsauto on Twitter and https://www.torquenews.com for daily automotive news. Also, follow us on Telegram at https://t.me/teslaev