00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla will wind down Cybertruck production at its Texas Gigafactory next year,
00:07according to the Wall Street Journal.
00:09CEO Elon Musk said the company plans to make room for increased production
00:13of its self-driving CyberCab humanoid robots.
00:17The decision follows slow demand for the stainless steel pickup,
00:21along with recalls and manufacturing problems that have required repeated repairs.
00:25Musk unveiled the Cybertruck prototype in 2019,
00:28promising to showcase new technology and enter the lucrative pickup truck market.
00:33He told investors it would be Tesla's best product ever.
00:37Tesla also discontinued its luxury Model S and Model X vehicles earlier this year.
00:43For all things money, visit Benzinga.com.
